Suryaa Business Desk: Surya Business Bureau, Mumbai: After the disclosure of the results of the second quarter (Q2) of the current financial year, the leading domestic brokerage firm Motilal Oswal Financial... Surya Business Bureau, Mumbai: Following the announcement of the second quarter (Q2) results of the current financial year, leading domestic brokerage firm Motilal Oswal Financial Services (MOFSL) has released a comprehensive review report on the performance of major companies across key sectors. Energy major Coal India, liquor major United Spirits, FMCG major Godrej Consumer Products analyzed financial forecasts for stocks and revealed revised target prices and potential upside.
According to a brokerage report, Godrej Consumer Products has the highest potential to grow by around 25 percent at current market prices. The company analyzed that the consolidated revenue growth is consistent with the demand recorded in Indonesia as well as international markets for the company. It maintained a buy recommendation, noting that although the pressure on raw material costs is short-term, margins will expand in the coming quarters through price adjustment and cost containment.
Motilal Oswal estimates that mining giant Coal India's stock has an upside potential of around 14 percent. It said continued stable demand for coal from domestic power stations, generation capacity and e-auction premiums are good for the company's cash flow. On the other hand, Motilal Oswal maintained ratings on United Spirits stock, which is mainly focused on the premium segment, expecting a growth of around 7 percent.
