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Monday's top brokerage calls: Tata Motors, BHEL and more

Updated : September 14, 2020 09:01 AM IST

Among brokerages, CLSA maintains a 'buy' call on Tata Motors while Citi, Jefferies and Macquarie remain bearish on BHEL post its June quarter numbers. Here are the top calls for today:

 CLSA on Tata Motors:  The brokerage maintains a 'buy' call on the stock with a target at Rs 220 per share. It notes that July & August retail numbers of JLR indicate a QoQ uptick of 57 percent.
CLSA on Tata Motors: The brokerage maintains a 'buy' call on the stock with a target at Rs 220 per share. It notes that July & August retail numbers of JLR indicate a QoQ uptick of 57 percent.
 Citi on BHEL:  The brokerage maintains a 'sell' call on the stock with a target at Rs 34 per share. It notes that fixed costs continue to weigh heavily on the company.
Citi on BHEL: The brokerage maintains a 'sell' call on the stock with a target at Rs 34 per share. It notes that fixed costs continue to weigh heavily on the company.
 Jefferies on BHEL:  The brokerage maintains an 'underperform' call on the stock with a target at Rs 20. The incremental business will help the company offset the slowdown in the existing thermal power business, the brokerage said.
Jefferies on BHEL: The brokerage maintains an 'underperform' call on the stock with a target at Rs 20. The incremental business will help the company offset the slowdown in the existing thermal power business, the brokerage said.
 Macquarie on BHEL:  The brokerage maintains an 'underperform' call on the stock with a target at Rs 23. It notes that commercial benefits for recent MoUs will be slow and small.
Macquarie on BHEL: The brokerage maintains an 'underperform' call on the stock with a target at Rs 23. It notes that commercial benefits for recent MoUs will be slow and small.
 Citi on SBI : The brokerage maintains 'buy' call on the stock and raised the target to Rs 320 per share from Rs 300 earlier. It expects SBI to deliver better than current market perceptions on asset quality.
Citi on SBI: The brokerage maintains 'buy' call on the stock and raised the target to Rs 320 per share from Rs 300 earlier. It expects SBI to deliver better than current market perceptions on asset quality.
 Jefferies on ICICI Lombard:  The brokerage resumes 'buy' call on the stock with target raised to Rs 1,570 per share from Rs 1,260 earlier. It sees ICICI Lombard as a key beneficiary of rising penetration and notes that there is scope for doubling of health insurance.
Jefferies on ICICI Lombard: The brokerage resumes 'buy' call on the stock with target raised to Rs 1,570 per share from Rs 1,260 earlier. It sees ICICI Lombard as a key beneficiary of rising penetration and notes that there is scope for doubling of health insurance.
 Jefferies on IIP:  The brokerage notes that industrial activity has continued its gradual ascent in July and that pent-up demand should support activity in the near term.
Jefferies on IIP: The brokerage notes that industrial activity has continued its gradual ascent in July and that pent-up demand should support activity in the near term.
 Kotak on IIP:  The brokerage estimates FY21 GDP to contract 11.5 percent. It expects economic recovery to be slow and gradual.
Kotak on IIP: The brokerage estimates FY21 GDP to contract 11.5 percent. It expects economic recovery to be slow and gradual.
Published : September 14, 2020 09:01 AM IST
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