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Synopsis
Morgan Stanley retained its Overweight rating on Varun Beverages with a Rs 557 target, while Nuvama maintained a Hold on Cyient and raised its target to Rs 1,050. Elara Securities retained its Buy rating on Nykaa and increased its target to Rs 475, citing premiumisation, stronger customer quality and growth in online beauty and personal care.
Brokerages remain constructive on select stocks, with Varun Beverages, Cyient, and Nykaa emerging as key picks despite differing growth trajectories.Morgan Stanley retained an Overweight rating on Varun Beverages with a Rs 557 target, citing the company’s push into ready-to-drink and alcoholic beverages and its expansion in Tunisia.Nuvama has maintained a Hold on Cyient but raised its target to Rs 1,050 as margins improve, and the company
BY
ETMarkets.com
Aug 26, 2026, 10:11:00 AM IST
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