Whalesbook
HDFC Securities has initiated coverage on Eureka Forbes with a 'Buy' rating and a target price of ₹830, indicating a potential 42.4% upside. The brokerage cited the company's strong market leadership in underpenetrated categories like water purifiers and vacuum cleaners, robust brand equity, capable management, and an asset-light model. Strong revenue and profit growth are expected, driven by steady demand and margin expansion.