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Monday's top brokerage calls: ICICI Bank, ITC and more

Updated : 2020-07-27 09:03:38

Among brokerages, CLSA and Edelweiss Securities raised the target price for ICICI Bank post its June-quarter earnings while maintaining a bullish view. Meanwhile, IDFC Securities maintained 'outperform' on Ambuja Cements and ITC post their Q1 results. Here are the top brokerage calls for the day:

 Edelweiss Securities on ICICI Bank:  The brokerage maintained a 'buy' call on the stock and raised the target to Rs 525 per share from Rs 480 earlier. Stable core income of ICICI Bank cushioned the earnings impact, it added.
Edelweiss Securities on ICICI Bank: The brokerage maintained a 'buy' call on the stock and raised the target to Rs 525 per share from Rs 480 earlier. Stable core income of ICICI Bank cushioned the earnings impact, it added.
 CLSA on ICICI Bank:  The brokerage maintained an 'outperform' call on the stock and raised the target to Rs 500 per share from Rs 480. It also raised FY21-22 core PPoP estimates by 6-8 percent and book value by 6-8 percent.
CLSA on ICICI Bank: The brokerage maintained an 'outperform' call on the stock and raised the target to Rs 500 per share from Rs 480. It also raised FY21-22 core PPoP estimates by 6-8 percent and book value by 6-8 percent.
 IDFC Securities on ICICI Bank:  The brokerage retained the 'buy' call on the stock with the target raised to Rs 515 per share from Rs 470 earlier. Strong capital ratio with higher provision buffer should cushion any asset quality fallout, it added.
IDFC Securities on ICICI Bank: The brokerage retained the 'buy' call on the stock with the target raised to Rs 515 per share from Rs 470 earlier. Strong capital ratio with higher provision buffer should cushion any asset quality fallout, it added.
 Edelweiss Securities on ITC:  The brokerage maintained a 'hold' call for the stock with a target at Rs 217 per share. The revenue decline was in line while EBITDA and profit fall was worse than estimates, noted the brokerage.
Edelweiss Securities on ITC: The brokerage maintained a 'hold' call for the stock with a target at Rs 217 per share. The revenue decline was in line while EBITDA and profit fall was worse than estimates, noted the brokerage.
 IDFC Securities on ITC:  The brokerage maintained an 'outperform' call on the stock with a target at Rs 230 per share. The decline in cigarette volumes and disruption in hotels/paper division impacted profits, it added.
IDFC Securities on ITC: The brokerage maintained an 'outperform' call on the stock with a target at Rs 230 per share. The decline in cigarette volumes and disruption in hotels/paper division impacted profits, it added.
 Ambit on Ambuja Cements : The brokerage maintained a 'buy' call on the stock with target raised to Rs 245 per share from Rs 229 earlier. Higher volumes and early savings beat the street estimates, said Ambit.
Ambit on Ambuja Cements: The brokerage maintained a 'buy' call on the stock with target raised to Rs 245 per share from Rs 229 earlier. Higher volumes and early savings beat the street estimates, said Ambit.
 IDFC Securities on Ambuja Cement : The brokerage maintained an 'outperform' call on the stock and raised the target to Rs 240 from Rs 203 per share.
IDFC Securities on Ambuja Cement: The brokerage maintained an 'outperform' call on the stock and raised the target to Rs 240 from Rs 203 per share.
 Edelweiss Securities on Zee:  The brokerage maintained a 'buy' call on the stock with a target at Rs 225 per share. It has confidence in Zee’s long-term prospects bolstered by strong pan-India viewership.
Edelweiss Securities on Zee: The brokerage maintained a 'buy' call on the stock with a target at Rs 225 per share. It has confidence in Zee’s long-term prospects bolstered by strong pan-India viewership.
 IDFC Securities on Zee : The brokerage maintains 'outperform' call on the stock with a target reduced to Rs 173 per share from Rs 202 earlier.
IDFC Securities on Zee: The brokerage maintains 'outperform' call on the stock with a target reduced to Rs 173 per share from Rs 202 earlier.
 Edelweiss Securities on JSW Steel:  The brokerage maintained a 'reduce' call on the stock with a target at Rs 166 per share. It expects the company to benefit from lower cost and a possible uptick in domestic demand.
Edelweiss Securities on JSW Steel: The brokerage maintained a 'reduce' call on the stock with a target at Rs 166 per share. It expects the company to benefit from lower cost and a possible uptick in domestic demand.
 IDFC Securities on Asian Paints:  The brokerage maintained an 'outperform' call on the stock with the target raised to Rs 1,846 from Rs 1,810 per share. The company's growth is driven by core decorative and healthy traction seen in the waterproofing business.
IDFC Securities on Asian Paints: The brokerage maintained an 'outperform' call on the stock with the target raised to Rs 1,846 from Rs 1,810 per share. The company's growth is driven by core decorative and healthy traction seen in the waterproofing business.
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