Shares of Marico gained 3.7 percent intraday on April 3 as CLSA maintained buy with a target at Rs 465 per share. The pre-Q4FY19 commentary seems decent, while India business volume growth should be around 8 percent YoY, said CLSA.
It forecast the company to report more than 15 percent in EBITDA as well as net earnings.
The company is a top pick due to a strong launch pipeline and margin visibility.
At 1102 hours Marico was quoting at Rs 354.20, up Rs 8.50, or 2.46 percent on the BSE.