Buy Jyothy Labs, target price Rs 600: HDFC Securities

HDFC Securities recommends buying Jyothy Labs with a target price of Rs 600. Jyothy Labs aims for volume growth of 5-6% in 3QFY25. The company will focus on liquid detergent market, dishwashing business, and household insecticides. Promoter stake is 62.89% as of September 2024. The market cap is Rs 14614.90 crore.