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Axis Securities maintains Buy on Jyothy Labs, lowers target price to Rs 450

Axis Securities maintains its buy call on Jyothy Labs with a target price of Rs 450 (Rs 500 earlier). The current market price of Jyothy Labs is Rs 395.95.
Jyothy Labs, incorporated in 1992, has a market cap of Rs 14449.66 crore, operating in the FMCG sector. Jyothy Labs’ key products/revenue…

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