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Friday's top brokerage calls: Asian Paints, Ambuja Cement and more

Updated : 2020-10-23 09:11:00

Among brokerages, CLSA is bullish on Asian Paints, Bajaj Auto and Ambuja Cement after their September quarter earnings and has raised their target prices as well. Here are the top brokerage calls for today:

 CLSA on Asian Paints:  The brokerage maintains an 'outperform' call on the stock and has raised its target to Rs 2,285 per share from Rs 2,000 earlier. It added that Q2 results stood ahead of its expectations with 6 percent topline growth.
CLSA on Asian Paints: The brokerage maintains an 'outperform' call on the stock and has raised its target to Rs 2,285 per share from Rs 2,000 earlier. It added that Q2 results stood ahead of its expectations with 6 percent topline growth.
 CLSA on Bajaj Auto:  The brokerage maintains a 'buy' call on the stock and has raised its target to Rs 3,575 per share from Rs 3,480 earlier. It also increased FY21-23 EPS estimates for Bajaj Auto by 2-4 percent after the company surprised positively on the EBITDA margin front.
CLSA on Bajaj Auto: The brokerage maintains a 'buy' call on the stock and has raised its target to Rs 3,575 per share from Rs 3,480 earlier. It also increased FY21-23 EPS estimates for Bajaj Auto by 2-4 percent after the company surprised positively on the EBITDA margin front.
 CLSA on Ambuja Cement:  The brokerage maintains an 'outperform' call on the stock and has raised the target to Rs 285 per share from Rs 260 earlier. The large interim dividend announcement by Ambuja Cement was a surprise, it said. CLSA believes the focus on costs & upcoming capacity addition will drive EBITDA growth for the cement major.
CLSA on Ambuja Cement: The brokerage maintains an 'outperform' call on the stock and has raised the target to Rs 285 per share from Rs 260 earlier. The large interim dividend announcement by Ambuja Cement was a surprise, it said. CLSA believes the focus on costs & upcoming capacity addition will drive EBITDA growth for the cement major.
 CLSA on Bharti Infratel:  The brokerage maintains a 'buy' call on the stock with a target at Rs 265 per share. Bharti Infratel’s net tenancy addition comes in at a 3-year high, revenue adjusted for exit penalties was ahead of estimates, added the brokerage.
CLSA on Bharti Infratel: The brokerage maintains a 'buy' call on the stock with a target at Rs 265 per share. Bharti Infratel’s net tenancy addition comes in at a 3-year high, revenue adjusted for exit penalties was ahead of estimates, added the brokerage.
 Jefferies on Bharti Infratel:  The brokerage upgraded the stock to 'hold' with a target price at Rs 210 per share. Improving tenancy outlook a positive surprise by Bharti Infratel, it said, raising estimates by 1-10 percent.
Jefferies on Bharti Infratel: The brokerage upgraded the stock to 'hold' with a target price at Rs 210 per share. Improving tenancy outlook a positive surprise by Bharti Infratel, it said, raising estimates by 1-10 percent.
 Jefferies on Ambuja Cement:  The brokerage maintains an 'outperform' call on the stock with the target raised to Rs 330 per share from Rs 300 earlier. It also raised EPS estimates by 16-26 percent.
Jefferies on Ambuja Cement: The brokerage maintains an 'outperform' call on the stock with the target raised to Rs 330 per share from Rs 300 earlier. It also raised EPS estimates by 16-26 percent.
 Citi on Asian Paints : The brokerage maintains a 'neutral' call on the stock with a target at Rs 2,140 per share. It also revised earnings estimates by 1-6 percent driven by lower overheads.
Citi on Asian Paints: The brokerage maintains a 'neutral' call on the stock with a target at Rs 2,140 per share. It also revised earnings estimates by 1-6 percent driven by lower overheads.
 HSBC on Dr Reddy's:  The brokerage maintains a 'buy' call on the stock with a target at Rs 5,460 per share. It added that growth in India sales and consistent new launches in US are the key catalysts.
HSBC on Dr Reddy's: The brokerage maintains a 'buy' call on the stock with a target at Rs 5,460 per share. It added that growth in India sales and consistent new launches in US are the key catalysts.
 Citi on Ambuja Cement:  The brokerage maintains a 'buy' call on the stock and has raised the target to Rs 280 per share from Rs 260 earlier. It also raised consolidated CY20-22 EBITDA estimates for the stock by 11-15 percent after the cement major announced its Q2 earnings yesterday.
Citi on Ambuja Cement: The brokerage maintains a 'buy' call on the stock and has raised the target to Rs 280 per share from Rs 260 earlier. It also raised consolidated CY20-22 EBITDA estimates for the stock by 11-15 percent after the cement major announced its Q2 earnings yesterday.
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