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Monday's top brokerage calls: ITC, Apollo Hospitals and more

Updated : 2020-06-29 09:39:58

Jefferies, Macquarie, and CLSA are bullish on ITC post its March-quarter numbers. Morgan Stanley retained an 'overweight' rating on Apollo Hospitals. Here are the top brokerage calls for today:

 Jefferies on ITC:  The brokerage has a 'buy' call on the stock with a target at Rs 240 per share. It added that dividend yield of 5 percent makes the company attractive.
Jefferies on ITC: The brokerage has a 'buy' call on the stock with a target at Rs 240 per share. It added that dividend yield of 5 percent makes the company attractive.
 Macquarie on ITC : The brokerage maintained 'outperform' call on the stock with a target at Rs 232 per share. Recovery in cigarette volume has been strong, it said, adding that the June run rate of cigarette volume is at 85-90 percent pre-COVID levels.
Macquarie on ITC: The brokerage maintained 'outperform' call on the stock with a target at Rs 232 per share. Recovery in cigarette volume has been strong, it said, adding that the June run rate of cigarette volume is at 85-90 percent pre-COVID levels.
 CLSA on ITC:  The brokerage maintained 'outperform' call on the stock with a target at Rs 220 per share. Near-term looks tough, CLSA added.
CLSA on ITC: The brokerage maintained 'outperform' call on the stock with a target at Rs 220 per share. Near-term looks tough, CLSA added.
 Morgan Stanley on Apollo Hospitals:  The brokerage has an 'overweight' call on the stock with a target at Rs 1,899 per share. Volume recovery, cost rationalization, and asset monetization will keep its balance sheet healthy, MS said.
Morgan Stanley on Apollo Hospitals: The brokerage has an 'overweight' call on the stock with a target at Rs 1,899 per share. Volume recovery, cost rationalization, and asset monetization will keep its balance sheet healthy, MS said.
 Credit Suisse on Apollo Hospitals:  The brokerage has an 'outperform' call on the stock with a target at Rs 1,600 per share. Cost reduction better than expected as there is no rise in net debt, the brokerage noted.
Credit Suisse on Apollo Hospitals: The brokerage has an 'outperform' call on the stock with a target at Rs 1,600 per share. Cost reduction better than expected as there is no rise in net debt, the brokerage noted.
 Credit Suisse on Emami:  The brokerage has an 'outperform' call on the stock with a target at Rs 260 per share. Weak Q4 on expected lines but initial signs of recovery seen in June, it added.
Credit Suisse on Emami: The brokerage has an 'outperform' call on the stock with a target at Rs 260 per share. Weak Q4 on expected lines but initial signs of recovery seen in June, it added.
 IDFC Securities on Sun TV:  The brokerage maintained a 'buy' call on the stock with a target at Rs 488 per share. The brokerage expects Sun TV’s subscriptions to continue growing but ad revenue to fall going ahead.
IDFC Securities on Sun TV: The brokerage maintained a 'buy' call on the stock with a target at Rs 488 per share. The brokerage expects Sun TV’s subscriptions to continue growing but ad revenue to fall going ahead.
 Axis Capital on Sun TV:  The brokerage has a 'buy' call on the stock with a target at Rs 490 per share. It cut the company's FY21/22 EPS estimates for Sun TV by 18/6% to factor in weak ad growth.
Axis Capital on Sun TV: The brokerage has a 'buy' call on the stock with a target at Rs 490 per share. It cut the company's FY21/22 EPS estimates for Sun TV by 18/6% to factor in weak ad growth.
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