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These are Thursday's biggest brokerage calls: Bajaj Finance, Godrej Consumer and more

Updated : 2020-01-30 08:17:39

The Indian equity markets are likely to open in the red on Thursday following Asian peers that traded weak after the US Fed kept interest rates on hold and amid the ongoing coronavirus outbreak. Back home, investors remained cautious ahead of the Union Budget later this week and January F&O expiry. Among brokerages, Credit Suisse was 'neutral' on Bajaj Finance but raised its target post Q3 earnings, while Morgan Stanley was 'overweight' on Godrej Consumer. Here are the top brokerage calls of the day:

 Credit Suisse on Bajaj Finance:  The brokerage maintained a 'neutral' rating on the stock but raised its target to Rs 4,050 from Rs 3,850 earlier. Credit Suisse added that the companies growth momentum continues, but credit costs inch up.
Credit Suisse on Bajaj Finance: The brokerage maintained a 'neutral' rating on the stock but raised its target to Rs 4,050 from Rs 3,850 earlier. Credit Suisse added that the companies growth momentum continues, but credit costs inch up.
 Morgan Stanley on Bajaj Finance:  The brokerage had an 'equal-weight' call on the stock with a target at Rs 4,250 per share. It further said that the profit was 4 percent below estimates driven by higher provisions.
Morgan Stanley on Bajaj Finance: The brokerage had an 'equal-weight' call on the stock with a target at Rs 4,250 per share. It further said that the profit was 4 percent below estimates driven by higher provisions.
 HSBC on Bajaj Finance:  The brokerage had a 'buy' target on the stock with a target at Rs 5,100 per share as the company reported yet another strong quarter amidst fears of a growth slowdown.
HSBC on Bajaj Finance: The brokerage had a 'buy' target on the stock with a target at Rs 5,100 per share as the company reported yet another strong quarter amidst fears of a growth slowdown.
 Credit Suisse on Godrej Consumer:  The brokerage maintained a 'neutral' call on the stock but raised its target to Rs 680 per share from Rs 640 earlier. The brokerage further noted that the company's India growth remained subdued, however, pace of innovation in H1 was a silver lining.
Credit Suisse on Godrej Consumer: The brokerage maintained a 'neutral' call on the stock but raised its target to Rs 680 per share from Rs 640 earlier. The brokerage further noted that the company's India growth remained subdued, however, pace of innovation in H1 was a silver lining.
 Morgan Stanley on Godrej Consumer:  The brokerage was 'overweight' on the stock with a target at Rs 845 per share. The brokerage also stated that earnings missed estimates on weaker-than-expected revenue growth.
Morgan Stanley on Godrej Consumer: The brokerage was 'overweight' on the stock with a target at Rs 845 per share. The brokerage also stated that earnings missed estimates on weaker-than-expected revenue growth.
 Kotak Institutional Equities on Godrej Consumer:  The brokerage maintained a 'reduce' call on the stock but raised the target to Rs 720 per share from Rs 715 earlier. Q3 print was weak overall despite sharp pullback in ad spends aiding margin.
Kotak Institutional Equities on Godrej Consumer: The brokerage maintained a 'reduce' call on the stock but raised the target to Rs 720 per share from Rs 715 earlier. Q3 print was weak overall despite sharp pullback in ad spends aiding margin.
 Credit Suisse on Jubilant Food:  The brokerage maintained 'underperform' rating on the stock but raised its target to Rs 1,460 from Rs 1,300 earlier. The brokerage is cautious at current valuation as the demand environment remains challenging.
Credit Suisse on Jubilant Food: The brokerage maintained 'underperform' rating on the stock but raised its target to Rs 1,460 from Rs 1,300 earlier. The brokerage is cautious at current valuation as the demand environment remains challenging.
 Morgan Stanley on Jubilant Food:  The brokerage was 'overweight' on the stock with a target at Rs 1,900. Improvement in same-store sales growth and step up in-store expansion drives confidence, it noted.
Morgan Stanley on Jubilant Food: The brokerage was 'overweight' on the stock with a target at Rs 1,900. Improvement in same-store sales growth and step up in-store expansion drives confidence, it noted.
 Kotak Institutional Equities on Jubilant Food:  The brokerage downgraded the stock to 'add' from 'buy' but raised its target to Rs 1,900 from Rs 1,600 earlier.
Kotak Institutional Equities on Jubilant Food: The brokerage downgraded the stock to 'add' from 'buy' but raised its target to Rs 1,900 from Rs 1,600 earlier.
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