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These are Thursday's biggest brokerage calls: HPCL, Cipla and more

Updated : 2020-02-06 08:22:50

The Indian equity market is expected to open cautious ahead of the Reserve Bank of India's policy announcement on Thursday. According to a CNBC-TV18 poll, the MPC is likely to hold rates and keep the stance unchanged. At 7:15 am, the SGX Nifty was trading 17 points or 0.14 percent lower at 12,083, hinting at a muted start for the Sensex and Nifty50. Among brokerages, Credit Suisse has an 'underperform' rating on HPCL, while Jefferies cut the target price for Cipla. Here are the top brokerage calls for today:

 Credit Suisse on HPCL:  The brokerage has an 'underperform' rating on the stock with a target at Rs 260 per share. The brokerage remains cautious due to the heavy capex cycle over the next 4 years.
Credit Suisse on HPCL: The brokerage has an 'underperform' rating on the stock with a target at Rs 260 per share. The brokerage remains cautious due to the heavy capex cycle over the next 4 years.
 Credit Suisse on Cipla:  The brokerage maintains a 'neutral' call on the stock with a target at Rs 445 per share. It added that execution is the key to a new strategy focus in India.
Credit Suisse on Cipla: The brokerage maintains a 'neutral' call on the stock with a target at Rs 445 per share. It added that execution is the key to a new strategy focus in India.
 Jefferies on Cipla:  The brokerage has a 'hold' rating on the stock but cut its target to Rs 465 per share from Rs 520 earlier. It also cut its EPS estimates by 7-8 percent factoring in a lower US run-rate.
Jefferies on Cipla: The brokerage has a 'hold' rating on the stock but cut its target to Rs 465 per share from Rs 520 earlier. It also cut its EPS estimates by 7-8 percent factoring in a lower US run-rate.
 Morgan Stanley on Cipla:  The brokerage has an 'equal-weight' call on the stock with a target at Rs 578 per share.
Morgan Stanley on Cipla: The brokerage has an 'equal-weight' call on the stock with a target at Rs 578 per share.
 Credit Suisse on Cadila Health:  The brokerage has a 'neutral' rating on the stock with a target at Rs 251 per share. US sales beat estimates largely helped by volume gains, said the brokerage.
Credit Suisse on Cadila Health: The brokerage has a 'neutral' rating on the stock with a target at Rs 251 per share. US sales beat estimates largely helped by volume gains, said the brokerage.
 Nomura on Cadila Health:  The brokerage maintains a 'buy' call on the stock with a target at Rs 278 per share.
Nomura on Cadila Health: The brokerage maintains a 'buy' call on the stock with a target at Rs 278 per share.
 Credit Suisse on Gujarat Gas:  The brokerage has a 'neutral' call on the stock with a target at Rs 240 per share. It expects CNG volumes to grow at 10 percent for the next 5 years and PNG volumes to rise at 6-7 percent.
Credit Suisse on Gujarat Gas: The brokerage has a 'neutral' call on the stock with a target at Rs 240 per share. It expects CNG volumes to grow at 10 percent for the next 5 years and PNG volumes to rise at 6-7 percent.
 Credit Suisse on Bosch:  The brokerage maintains 'outperform' call on the stock but cut its target to Rs 15,800 per share from Rs 16,700 earlier.
Credit Suisse on Bosch: The brokerage maintains 'outperform' call on the stock but cut its target to Rs 15,800 per share from Rs 16,700 earlier.
 Credit Suisse on Indiabulls Housing:  The brokerage maintains a 'neutral' call on the stock but raised its target to Rs 255 per share from Rs 230 earlier. It added that balance sheet continues to contract on the back of funding challenges.
Credit Suisse on Indiabulls Housing: The brokerage maintains a 'neutral' call on the stock but raised its target to Rs 255 per share from Rs 230 earlier. It added that balance sheet continues to contract on the back of funding challenges.
 Macquarie on Thermax:  The brokerage has an 'underperform' rating on the stock but raised its target to Rs 952 per share from Rs 935 earlier. It also cut FY20-22 EPS estimates of the stock by 7-9 percent.
Macquarie on Thermax: The brokerage has an 'underperform' rating on the stock but raised its target to Rs 952 per share from Rs 935 earlier. It also cut FY20-22 EPS estimates of the stock by 7-9 percent.
 HSBC on Adani Ports:  The brokerage has a 'buy' call on the stock with a target at Rs 450 per share. The company sees market share growth and acquisitions driving profit growth, the brokerage added.
HSBC on Adani Ports: The brokerage has a 'buy' call on the stock with a target at Rs 450 per share. The company sees market share growth and acquisitions driving profit growth, the brokerage added.
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