Shares of Marico (MARICO) rose by 2.25% to ₹709.20 in early trading after Emkay upgraded the stock to ‘Add’ from ‘Reduce’ and hiked the target price to ₹775 from ₹700. Emkay cited an improving growth trajectory as a positive factor for the company’s outlook.
The brokerage emphasized Marico’s focus on execution to achieve growth amid recovering demand and noted that valuations are expected to reflect the improving growth trajectory. This positive outlook has driven investor interest, pushing the stock higher in today’s trading session.
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