Contra Stock Picks: Jefferies highlights three ‘fallen angels’ for next 12 months
Brokerage firm Jefferies has highlighted Varun Beverages Ltd., Hindustan Unilever Ltd., and Asian Paints Ltd. as the best ‘contra ideas’ for the next 12 months. While its price target of Hindustan Unilever remains unchanged, Jefferies has significantly raised its price target on Asian Paints, while trimming its projections on Varun Beverages. In fact, the brokerage…