Brokerages have initiated coverage and maintained ratings on several companies, according to top brokerages sources. Antique has initiated a buy on Mankind Pharma citing its diversified therapy mix as a positive, while Macquarie has given an outperform rating to Lupin due to its Q4 revenue and earnings beating estimates. Nomura has maintained buy on MGL, saying the company delivers the second-highest-ever gross margin. However, BofA Securities has preferred to remain neutral on Zomato, with Jefferies offering a buy rating for Godrej Consumer.
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