Hot stocks: Brokerages on GSPL, Bajaj Finance, Azad Engineering, Honasa Consumer and Federal Bank

HSBC has reiterated its buy rating on Honasa Consumer's Mamaearth, raising the target price to Rs 570 from Rs 550. Honasa is expected to achieve over 20% structural growth with ongoing margin expansion. The company’s house of brands strategy aims to capture greater market share in high-growth personal care categories, supported by enhanced distribution, new brand scaling, and R&D investment.