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These are Thursday's biggest brokerage calls: Sun Pharma, Bajaj Auto and more

Updated : 2020-01-16 08:29:03

Indian shares are likely to open marginally higher on Thursday, tracking rallying global stocks after the US and China signed an initial trade deal. However, India’s trade data and Q3 corporate earnings may weigh on domestic indices. Among brokerages, CLSA is bullish on Sun Pharma, while Kotak Institutional Equities has a 'sell' call on Bajaj Auto. Here are the top brokerage calls for Thursday:

 CLSA on Sun Pharma:  The brokerage reiterated a 'buy' rating on the stock with a target price of Rs 570 per share. It added that strong ramp-up could drive 21 percent earnings CAGR over the next 3 years.
CLSA on Sun Pharma: The brokerage reiterated a 'buy' rating on the stock with a target price of Rs 570 per share. It added that strong ramp-up could drive 21 percent earnings CAGR over the next 3 years.
 Morgan Stanley on Bajaj Auto:  The brokerage gave an 'equal-weight' call on the stock with a target at Rs 3,039 per share. It believes electric scooters will scale up sharply in the coming years.
Morgan Stanley on Bajaj Auto: The brokerage gave an 'equal-weight' call on the stock with a target at Rs 3,039 per share. It believes electric scooters will scale up sharply in the coming years.
 Kotak Institutional Equities on Bajaj Auto:  The brokerage gave a 'sell' rating on the stock with a target at Rs 2,925 per share. Pricing of Bajaj e-Chetak is similar to its rival Ather S450, it added.
Kotak Institutional Equities on Bajaj Auto: The brokerage gave a 'sell' rating on the stock with a target at Rs 2,925 per share. Pricing of Bajaj e-Chetak is similar to its rival Ather S450, it added.
 Citi on JSPL:  The brokerage assigned a 'buy' call on the stock with a target price of Rs 188 per share. Access to Sarda Mine iron ore will be a material positive, said the brokerage, adding that cash flows have already improved sharply.
Citi on JSPL: The brokerage assigned a 'buy' call on the stock with a target price of Rs 188 per share. Access to Sarda Mine iron ore will be a material positive, said the brokerage, adding that cash flows have already improved sharply.
 Nomura on Dr Reddy's:  The brokerage maintained a 'buy' call on the stock and raised its target to Rs 3,437 from Rs 3,200 earlier. It added that business restructuring and cost controls lay a strong foundation for sustainable growth.
Nomura on Dr Reddy's: The brokerage maintained a 'buy' call on the stock and raised its target to Rs 3,437 from Rs 3,200 earlier. It added that business restructuring and cost controls lay a strong foundation for sustainable growth.
 Credit Suisse on L&T Infotech : The brokerage maintained an 'outperform' rating on the stock and raised its target to Rs 2,200 from Rs 1,900 earlier. It also upgraded revenue growth estimates of the company by 2 percentage points over FY21/22.
Credit Suisse on L&T Infotech: The brokerage maintained an 'outperform' rating on the stock and raised its target to Rs 2,200 from Rs 1,900 earlier. It also upgraded revenue growth estimates of the company by 2 percentage points over FY21/22.
 Morgan Stanley India Strategy:  The growth is likely improving, the brokerage said, adding Bharti Airtel, BEL, NTPC, and UltraTech Cement to the focus list and deleting Bajaj Auto, Jubilant Food, United Spirits, and Ashok Leyland.
Morgan Stanley India Strategy: The growth is likely improving, the brokerage said, adding Bharti Airtel, BEL, NTPC, and UltraTech Cement to the focus list and deleting Bajaj Auto, Jubilant Food, United Spirits, and Ashok Leyland.
 Kotak Institutional Equities on Gas Utilities:  The brokerage was cautious on city gas distribution stocks. GAIL and Petronet LNG were top picks. It sees near-term tailwinds to unit margins of city gas distribution (CGD) companies.
Kotak Institutional Equities on Gas Utilities: The brokerage was cautious on city gas distribution stocks. GAIL and Petronet LNG were top picks. It sees near-term tailwinds to unit margins of city gas distribution (CGD) companies.
 Credit Suisse on Trade Deficit:  Trade deficit fell in December despite stabilising oil prices and higher gold, said the brokerage. It added that the January deficit could be higher sequentially.
Credit Suisse on Trade Deficit: Trade deficit fell in December despite stabilising oil prices and higher gold, said the brokerage. It added that the January deficit could be higher sequentially.
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