Recommendation: Buy
CMP = Rs 612
Price target: Rs 700
- Mahindra and Mahindra (M&M) was in the news recently for making some important announcements. These include:
- a) the launch of a new version of Scorpio,
- b) the expansion of the capacity of its Nasik plant at a cost of Rs100 crore, and
- c) the setting up of its first overseas factory in Russia.
Hindustan Lever
Recommendation: Buy
CMP = Rs 258
Price target: Rs 270
- HLL raises price of Lakme productsHindustan Lever Ltd (HLL) has marked up the prices on its leading cosmetic brand, Lakme.
- The increase is across the Lakme range of colour cosmetics and skincare products.
- For some products, the price hike comes after a gap of two years.
