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Here's how brokerage are playing Marico, SBI, Mah & Mah Fin

Brokerages are bullish over Marico, Kotak Mahindra Bank and Mahindra and Mahindra Financial.

September 30, 2013 / 12:45 IST
     
     
    26 Aug, 2025 12:21
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    Marico
    Brokerage: Citi
    Rating: BUY
    Target: Rs 270
    Rationale: The brokerage estimates 7-8 percent volume growth in Parachute in FY14, 12-13% vol growth in Saffola in FY14 and expects rural demand to continue to hold.


    State Bank of India
    Brokerage: Macquarie
    Rating: NEUTRAL
    Target: Rs 1550
    Rationale: The brokerage believes management change is not good for stock in near-term and has concerns over SBI's selection process. It believes the management change is disruptive with respect to strategizing and policy making.


    Mahindra and Mahindra Financial
    Brokerage : Deutsche Bank
    Rating: BUY
    Target:
    Rs 200
    Rationale: The brokerage believes the Nashik branch visit shows buoyant sentiment while sentiment is positive given good monsoons. The NBFC has stringent processes to ensure loan quality good and rising prosperity in semi-urban & rural India is yet another positive.

    Kotak Mahindra Bank
    Brokerage : Barclays
    Rating: OVERWEIGHT
    Target:
    Rs 733
    Rationale: The management believes loan growth will remain muted and the recent branch de-listing is a significant opportunity. It also believes the conservative approach is a positive in the current environment.

    first published: Sep 30, 2013 09:30 am

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