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Friday's top brokerage calls: TVS Motor, IndiGo and more

Updated : 2020-10-30 09:06:34

Among brokerages, CLSA upgraded TVS Motor to 'outperform' while Citi maintained a 'sell' call on the stock after the Q2 earnings. Meanwhile, Morgan Stanley remains bullish on IndiGo. Here are the top brokerage calls for the day:

 Citi on TVS Motor:  The brokerage maintains a 'sell' call on the stock with a target at Rs 360 per share. It is cautious on the margin given elevated competition and cost headwinds.
Citi on TVS Motor: The brokerage maintains a 'sell' call on the stock with a target at Rs 360 per share. It is cautious on the margin given elevated competition and cost headwinds.
 CLSA on TVS Motor:  The brokerage upgraded the stock to 'outperform' and raised its target to Rs 460 per share from Rs 435 earlier.
CLSA on TVS Motor: The brokerage upgraded the stock to 'outperform' and raised its target to Rs 460 per share from Rs 435 earlier.
 Morgan Stanley on IndiGo:  The brokerage maintains an 'overweight' call on the stock with a target at Rs 1,852 per share. It added that the competitive position of the franchise is also improving.
Morgan Stanley on IndiGo: The brokerage maintains an 'overweight' call on the stock with a target at Rs 1,852 per share. It added that the competitive position of the franchise is also improving.
 Citi on BPCL:  The brokerage maintains a 'buy' call on the stock with a target at Rs 510 per share.
Citi on BPCL: The brokerage maintains a 'buy' call on the stock with a target at Rs 510 per share.
 CLSA on Bank of Baroda:  The brokerage maintains an 'outperform' call on the stock but has reduced the target to Rs 50 per share from Rs 52 earlier. It expects RoE to normalise to only 8 percent by FY23.
CLSA on Bank of Baroda: The brokerage maintains an 'outperform' call on the stock but has reduced the target to Rs 50 per share from Rs 52 earlier. It expects RoE to normalise to only 8 percent by FY23.
 CLSA on Hero Moto:  The brokerage maintains a 'buy' call on the stock but reduced the target to Rs 3,500 per share from Rs 3,540 earlier. It also noted the company's strong profitability despite cost-push.
CLSA on Hero Moto: The brokerage maintains a 'buy' call on the stock but reduced the target to Rs 3,500 per share from Rs 3,540 earlier. It also noted the company's strong profitability despite cost-push.
 CLSA on Vodafone Idea:  The brokerage maintains an 'underperform' rating on the stock and has reduced the target to Rs 8.5 per share from Rs 12 earlier. It also said that the company's revenue and EBITDA, both up 1 percent QoQ, missed estimates.
CLSA on Vodafone Idea: The brokerage maintains an 'underperform' rating on the stock and has reduced the target to Rs 8.5 per share from Rs 12 earlier. It also said that the company's revenue and EBITDA, both up 1 percent QoQ, missed estimates.
 CLSA on Havells:  The brokerage maintains a 'sell' call on the stock but has raised the target to Rs 620 per share from Rs 530 earlier. It added that the company expects market share gains across all categories.
CLSA on Havells: The brokerage maintains a 'sell' call on the stock but has raised the target to Rs 620 per share from Rs 530 earlier. It added that the company expects market share gains across all categories.
 CLSA on Maruti:  The brokerage maintains a 'sell 'call on the stock but has raised the target to Rs 6,300 per share from Rs 5,675 earlier.
CLSA on Maruti: The brokerage maintains a 'sell 'call on the stock but has raised the target to Rs 6,300 per share from Rs 5,675 earlier.
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