Hot stocks: Brokerage views on Zomato, IndusInd Bank, Varun Beverages and Asian Paints

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Brokerage firms like CLSA have an outperform rating on Zomato, while Goldman Sachs has maintained a buy call on IndusInd Bank. HSBC has initiated coverage on VarunBeverages with a buy rating and Morgan Stanley has an underweight rating on Asian Paints.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:CLSA on Zomato: Outperform | Target price: Rs 283.90CLSA has maintained an Outperform rating on Zomato with a target price of Rs 283.90 per share.CLSA stated that Zomato remains its top pick in the food delivery space. Zomato gains in metrics over Swiggy in FY24 and Q1FY25. The QSRs are losing market share to aggregators. Additionally, CLSA believes that Swiggy will be well positioned once it fills the funding gap.Goldman Sachs on IndusInd Bank: Buy | Target price: Rs 1,635Goldman Sachs has maintained a buy rating on IndusInd Bank with a target price of Rs 1,635.The board has reappointed the Managing Director and CEO, which alleviates the…

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