Jefferies cuts ITC to Rs 350 on tax hit; lifts Nykaa, Honasa targets

Brokerages reshuffle Indian consumer coverage: Jefferies trims ITC to Rs 350 citing tax drag while raising Nykaa to Rs 350 and Honasa to Rs 565. Macquarie keeps Underperform on Nykaa (Rs 210) and Page. Varun Beverages, AWL Agri, Emami and LG India also drew fresh calls.

Jefferies cuts ITC target to Rs 350 on tax drag, lifts Nykaa to Rs 350 and Honasa to Rs 565; Macquarie stays Underperform on Nykaa and Page.

NDTV Profit · 5/22/2026, 3:08:45 AM · Ask about this →

ITC + Adani Ports + Adani Power + Ambuja Cement + AWL Agri + Nykaa + Page Industries +