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Monday's top brokerage calls: M&M, Cipla and more

Updated : 2020-08-10 09:23:06

Among brokerages, Citi has upgraded Cipla to 'Overweight' while Kotak Institutional Equities believes that tractor demand for M&M will recover as the rural economy remains strong. Here are the top brokerage calls for the day:

 Jefferies on M&M  | The company's Q1 EBITDA fell 68 percent YoY while recurring net profit declined 96 percent YoY. The brokerage has maintained an 'Underperform' rating with a target of Rs 435 per share.
Jefferies on M&M | The company's Q1 EBITDA fell 68 percent YoY while recurring net profit declined 96 percent YoY. The brokerage has maintained an 'Underperform' rating with a target of Rs 435 per share.
 Kotak Institutional Equities on M&M  | The brokerage expects neat term to remain challenging for auto business on uncertainties related to COVID-19. However, tractor demand will recover as the rural economy remains strong, the brokerage says.
Kotak Institutional Equities on M&M | The brokerage expects neat term to remain challenging for auto business on uncertainties related to COVID-19. However, tractor demand will recover as the rural economy remains strong, the brokerage says.
 Morgan Stanley on Cipla |  The brokerage maintained an 'Overweight' rating on the stock with a target price at Rs 847 per share.
Morgan Stanley on Cipla | The brokerage maintained an 'Overweight' rating on the stock with a target price at Rs 847 per share.
 Citi on Cipla |  Citi has raised FY21E/22 revenue, EBITDA & EPS by 4%/5%, 17%/19%, and 31%/34% for Cipla respectively.
Citi on Cipla | Citi has raised FY21E/22 revenue, EBITDA & EPS by 4%/5%, 17%/19%, and 31%/34% for Cipla respectively.
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