Hot Stocks: Brokerages view on ONGC, Vodafone Idea, Nestle, KFin
We value VIL at 11.5x FY25F EV/EBITDA, with a lower TP of INR5 (INR8 earlier) on factoring in the equity dilution following debt conversion of Rs 161 bn and aligning our model for 9MFY23 performance, said the brokerage
