HDFC Securities is bullish on Jyothy Labs, a stock in the FMCG (Fast Moving Consumer Goods) sector. They believe it’s a good investment opportunity and have given it a “high conviction buy” rating. Their reasoning is that the company is likely to see strong growth in sales volume, profitability, and net income over the next three years. They’ve set a target price of ₹575 for the stock, which is 15% higher than the current market price.
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