02 Oct 2025 | 5 Mins Read
Nuvama sees 29% upside in this FMCG stock after GST cut
Flipitmoney
Nuvama Institutional Equities raised Bajaj Consumer Care's target price to Rs 307 from Rs 291 due to GST rate cut and a good monsoon. The brokerage maintained its Buy call, expecting 28.5% upside from the current market price. Bajaj Consumer Care aims for double-digit revenue growth, mid-to-high single-digit volume growth, and EBITDA margins of early twenties within five years.