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These are Thursday's biggest brokerage calls: Dr Reddy's, Ashok Leyland and more

Updated : 2020-02-13 09:07:24

Indian markets are expected to open on a cautious note on Thursday tracking Asian markets as new coronavirus cases spiked after a brief lull. Among brokerages, Credit Suisse maintained 'outperform' rating on Dr Reddy's, while Nomura reaffirmed 'buy' call on Ashok Leyland. Here are the top brokerage calls for today:

Credit Suisse at Dr Reddy's: The brokerage maintained 'outperform' on the stock with a target at Rs 3,235 per share. Wockhardt portfolio acquisition is in line with the company's objective, said the brokerage.
Credit Suisse at Dr Reddy's: The brokerage maintained 'outperform' on the stock with a target at Rs 3,235 per share. Wockhardt portfolio acquisition is in line with the company's objective, said the brokerage.
 Nomura on Dr Reddy's:  The brokerage maintained 'buy' call on the stock with a target at Rs 3,684 per share.
Nomura on Dr Reddy's: The brokerage maintained 'buy' call on the stock with a target at Rs 3,684 per share.
 Credit Suisse on Ashok Leyland:  The brokerage was 'neutral' on the stock with the target at Rs 75 per share.
Credit Suisse on Ashok Leyland: The brokerage was 'neutral' on the stock with the target at Rs 75 per share.
 Nomura on Ashok Leyland:  The brokerage reaffirmed 'buy' rating on the stock with a target at Rs 97 per share. It expects the margin to revive as the volume growth trajectory picks up in FY21.
Nomura on Ashok Leyland: The brokerage reaffirmed 'buy' rating on the stock with a target at Rs 97 per share. It expects the margin to revive as the volume growth trajectory picks up in FY21.
 CLSA on IIP & CPI:  This was the fourth negative IIP data in five months, while CPI inflation came in at a 68-month high, said the brokerage. It added that the near-term rate cut was difficult with inflation above the RBI's target.
CLSA on IIP & CPI: This was the fourth negative IIP data in five months, while CPI inflation came in at a 68-month high, said the brokerage. It added that the near-term rate cut was difficult with inflation above the RBI's target.
 Morgan Stanley on CPI:  January CPI indicates inflation has peaked, said the brokerage. It expects inflation to remain above 7 percent over the next 1-2 months.
Morgan Stanley on CPI: January CPI indicates inflation has peaked, said the brokerage. It expects inflation to remain above 7 percent over the next 1-2 months.
 Deutsche Bank on CPI & IIP:  Core CPI was higher than expectations, while December IIP surprised to the downside. RBI will have no choice but to keep policy rates steady, the brokerage noted.
Deutsche Bank on CPI & IIP: Core CPI was higher than expectations, while December IIP surprised to the downside. RBI will have no choice but to keep policy rates steady, the brokerage noted.
 Nomura on CPI:  January marks the peak inflation reading for this year, said the brokerage. It sees inflation to be at 6.5 percent in the first quarter of 2020.
Nomura on CPI: January marks the peak inflation reading for this year, said the brokerage. It sees inflation to be at 6.5 percent in the first quarter of 2020.
 Jefferies on Finolex:  The brokerage maintained 'buy' call on the stock with a target at Rs 765 per share. It also retained EPS estimates for the company, penciling revenue/PAT at 10 percent/15 percent growth over FY19-22.
Jefferies on Finolex: The brokerage maintained 'buy' call on the stock with a target at Rs 765 per share. It also retained EPS estimates for the company, penciling revenue/PAT at 10 percent/15 percent growth over FY19-22.
 Kotak on City Union Bank:  The brokerage has an 'add' call on the stock and raised its target to Rs 240 per share from Rs 225 earlier. The brokerage likes City Union Bank for its consistent returns.
Kotak on City Union Bank: The brokerage has an 'add' call on the stock and raised its target to Rs 240 per share from Rs 225 earlier. The brokerage likes City Union Bank for its consistent returns.
 Credit Suisse on Hindalco:  The broekrage had an 'outperform' call on the stock with a target at Rs 260 per share. It expects contribution from higher value-added products in FY21.
Credit Suisse on Hindalco: The broekrage had an 'outperform' call on the stock with a target at Rs 260 per share. It expects contribution from higher value-added products in FY21.
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