Citi backs Tata Consumer at Rs 1,450, flags Nykaa Sell; Jefferies bullish on Max Healthcare beds
Brokerage roundup splits retail-adjacent calls: Citi Buy on Tata Consumer (TP Rs 1,450) on resilient demand and margin expansion, but Sell on Nykaa (TP Rs 225) questioning BPC premium growth. Nomura stays Neutral on Maruti citing margin pressure, while Jefferies likes Max Healthcare's bed expansion runway into FY27.
What happened
Brokerage roundup: Citi Buy on Tata Consumer (TP Rs 1450) citing resilient demand and margin expansion; Citi Sell on Nykaa (TP Rs 225) on BPC premium growth;
Key facts
- Tata Consumer TP Rs 1450
- Nykaa TP Rs 225 Sell
- Maruti TP Rs 13,435
- Max Health TP Rs 1,230
- HDB AUM growth 16% FY27
Why this matters
Diverging brokerage conviction across consumer, auto, and healthcare signals a window for selective bolt-ons in BPC and hospital beds where valuations are recalibrating.