Top brokerage firms have initiated buy ratings for Tata Consumer, maintained buy ratings for Eicher Motors and Asian Paints, while maintaining a reduce rating for Dr Reddy’s Laboratories. Citigroup initiated a buy rating for Tata Consumer with a target of Rs 1,020. CLSA maintained a buy rating for Eicher Motors with a target of Rs 4,266 while, Macquarie maintained an outperform rating for Asian Paints with a target of Rs 3,800. Meanwhile, Kotak Institutional Equities maintained a reduce rating for Dr Reddy’s Laboratories with a target of Rs 4,800.
