business / news / / CNBC TV18
Shares of Tata Consumer Products, Nestle India, Jubilant Foodworks, and Swiggy, were upgraded by brokerage firm CLSA in its latest note on Tuesday.
CLSA upgraded Tata Consumer Products, Jubilant Foodworks, and Swiggy to 'outperform' with higher price targets.
KEY POINTS
- CLSA now prefers food stocks over household and personal care within the FMCG sector.
- CLSA notes that recent input cost increases benefit sector leaders despite GST rate cuts.
- Jubilant Foodworks' muted same store sales growth is attributed to commercial LPG supply constraints.
COMPANIES
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