Jefferies expects the operating margins of its coverage universe to grow over 200 basis points in FY24. The brokerage expects FY24 margins to be around 21.8% – higher than pre-pandemic levels. The margin growth is expected to be broad-based except for the IT, metal, and chemical sectors.The note also says that IT, staples, and cement would be the only sectors with FY24 margins being lower than pre-pandemic levels.The 12 stocks with a strong margin trend over FY23-24 include the likes of Maruti, TVS, Eicher, Thermax, Adani Ports, Bharti Airtel, Biocon, Cipla, DLF, Lodha, Godrej Consumer, and Indian hotels.
News Source : Times Now
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