The brokerage firm Nomura has given ‘Buy’ rating to 3 stocks across different sectors that it believes could deliver strong returns for investors. According to the brokerage report, these stocks have upside potential as much as 21%.

Let’s take a look at the rationale behind each recommendation –

Nomura on Hindustan Unilever

Nomura has maintained a ‘Buy’ rating on Hindustan Unilever . The brokerage has set a target price of Rs 2,900. This translates to an upside of around 15% from the current market price.

According to the brokerage report, “This is compared to our earlier expectation of normalised standalone/consolidated sales growth of 3%/4% YoY (without factoring in the transitory impact).”

The firm noted that after the GST announcemen t on September 3, distributors delayed pu

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