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These are Friday's biggest brokerage calls: IGL, Lupin and more

Updated : 2020-02-07 07:45:39

Indian benchmark indices BSE Sensex and NSE’s Nifty50 are likely to open little changed on Friday, tracing flat trades in global markets over rising concerns of coronavirus in China. However, the RBI’s move to provide further credit support to ailing sectors may aid markets. Among brokerages, Jefferies has a 'neutral rating on IGL but bearish on Lupin. Here are the top brokerage calls for the day.

 Macquarie on IGL:  The brokerage maintained a 'neutral' call on the stock with a target at Rs 420 per share. It sees upside risk to margin estimates on domestic and imported gas price movement.
Macquarie on IGL: The brokerage maintained a 'neutral' call on the stock with a target at Rs 420 per share. It sees upside risk to margin estimates on domestic and imported gas price movement.
 Jefferies on IGL:  The brokerage gave a 'hold' rating on the stock but raised its target to Rs 470 per share from Rs 390 earlier.
Jefferies on IGL: The brokerage gave a 'hold' rating on the stock but raised its target to Rs 470 per share from Rs 390 earlier.
 Jefferies on Lupin : The brokerage was bearish on the stock and cut its target price to Rs 600 per share from Rs 620 earlier. It added that near-term, the outlook is weak with key product launches delayed to FY21.
Jefferies on Lupin: The brokerage was bearish on the stock and cut its target price to Rs 600 per share from Rs 620 earlier. It added that near-term, the outlook is weak with key product launches delayed to FY21.
 Morgan Stanley on Hero MotoCorp:  The brokerage remained 'underweight' on the stock with a target at Rs 2,143 per share. It added that the company may have to absorb BS-VI costs, given its customers are highly price-sensitive.
Morgan Stanley on Hero MotoCorp: The brokerage remained 'underweight' on the stock with a target at Rs 2,143 per share. It added that the company may have to absorb BS-VI costs, given its customers are highly price-sensitive.
 Macquarie on Gujarat Pipavav:  The brokerage retained a 'neutral' rating on the stock with a target at Rs 91 per share. It added that attractive valuations should limit the downside to the stock price.
Macquarie on Gujarat Pipavav: The brokerage retained a 'neutral' rating on the stock with a target at Rs 91 per share. It added that attractive valuations should limit the downside to the stock price.
 Morgan Stanley on IGL : The brokerage was 'overweight' on the stock with a target at Rs 525 per share. It added that margins are elevated as vehicle and household demand continues to be robust.
Morgan Stanley on IGL: The brokerage was 'overweight' on the stock with a target at Rs 525 per share. It added that margins are elevated as vehicle and household demand continues to be robust.
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