Promoters held 60.72 per cent stake in the company as of 30-Sep-2022, while FIIs owned 17.91 per cent, DIIs 16.45 per cent.

The brokerage continues to see the company's defensive business as positive in a demand-constrained environment.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 253445.17 Crore) operating in Auto sector.

Price remain in up trend holding above the recent range breakout area and the 20 days EMA signalling positive bias.

The brokerage values the stock at 26x FY24E EPS and reiterates its Buy rating.

Stock trading in rising channel pattern with a higherhigh & higher low formation indicates momentum.

Counter is trading in a triangle formation near short-term moving averages & breakout possible.

Range breakout on daily chart & incremental volume activity suggests new upward momentum.

Counter in a gradual up move & close above short-term moving averages hints upward continuation.

Hero MotoCorp, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 53467.43 Crore) operating in Auto sector.

Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 32236.74 Crore) operating in Tourism & Hospitality sector.

GM is expected to improve sequentially but operating margin will remain under pressure owing to weak revenue show. The brokerage models 15% YoY decline in EBITDA. EBITDA margin at ~30%.

Gross margin pressure is expected to sustain, the brokerage maintains sequentially flat margin at ~41% (down +400bps YoY).

Promoters held 51 per cent stake in the company as of 30-Sep-2022, while FIIs owned 18.7 per cent, DIIs 8.56 per cent.

The brokerage models 4% YoY domestic revenue growth, with ~5% domestic volume growth YoY. Three-year volume CAGR at 6%.

Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 96428.23 Crore) operating in FMCG sector.

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 93213.18 Crore) operating in FMCG sector

Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 103817.85 Crore) operating in FMCG sector.

The brokerage models 17% YoY revenue growth. Three-year revenue CAGR at 12%. Further, it models 100bps sequential improvement in gross margin to 54% while it will be down +300bps YoY.

Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 605395.68 Crore) operating in FMCG sector.