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2024-11-18 06:03:44| The Economic Times

Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to 'SELL' from 'BUY' and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges.

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2024-11-18 05:29:47| The Economic Times

Hero MotoCorp share price: Hero Motocorp's shares surged 5% after reporting a 14% rise in Q2 net profit, reaching 1204 crore. Revenue grew 11% to 10463 crore, driven by record revenue from parts and accessories. Analysts are optimistic, citing rural market recovery, new launches, and strong brand equity as key growth drivers.

Category: News and Media

2024-11-18 04:42:23| The Economic Times

Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.

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