• SENSEX
    NIFTY 50
Market

These are Tuesday's biggest brokerage calls: Hero Moto, Bharti Airtel and more

Updated : 2020-02-18 08:46:35

The Indian benchmark equity indices the BSE Sensex and the NSE Nifty50 are set to track tepid global cues amid rising coronavirus death toll. Global rating agency Moody's downgrading India's growth projection will additionally weigh on domestic trade sentiment. Moody's has cut growth forecast for 2020 to 5.4 percent owing to slower recovery from an earlier projected growth of 6.6 percent. Here are the top brokerage calls for Tuesday:

 CLSA on Bharti Airtel:  The brokerage has raised its target price on Bharti Airtel from Rs 630 to Rs 680 per share.
CLSA on Bharti Airtel: The brokerage has raised its target price on Bharti Airtel from Rs 630 to Rs 680 per share.
 CLSA on JSW Energy:  The brokerage maintains 'buy' call on JSW Energy at a target price of Rs 85 per share. CLSA says the company is on track for profitable growth with its target to double its capacity over 3-5 years.
CLSA on JSW Energy: The brokerage maintains 'buy' call on JSW Energy at a target price of Rs 85 per share. CLSA says the company is on track for profitable growth with its target to double its capacity over 3-5 years.
 Credit Suisse on Cement:  Global brokerage notes that cement prices in several regions corrected back to pre-March 2019 hike levels and that prices in the North have been best with 2/3rd retention of the hike. Credit Suisse has maintained 'outperform' call on Ambuja, 'neutral' on UltraTech and ACC and 'underperform' on Shree Cement.
Credit Suisse on Cement: Global brokerage notes that cement prices in several regions corrected back to pre-March 2019 hike levels and that prices in the North have been best with 2/3rd retention of the hike. Credit Suisse has maintained 'outperform' call on Ambuja, 'neutral' on UltraTech and ACC and 'underperform' on Shree Cement.
 Credit Suisse on JSW Steel:  The brokerage maintains 'outperform' call on JSW Steel, sets a target price at Rs 320 per share.
Credit Suisse on JSW Steel: The brokerage maintains 'outperform' call on JSW Steel, sets a target price at Rs 320 per share.
 Credit Suisse on LIC Housing:  The global brokerage has downgraded LIC Housing Finance to 'underperform' from 'outperform'. Credit Suisse says the possibility of a merger with IDBI Bank will remain an overhang on the stock.
Credit Suisse on LIC Housing: The global brokerage has downgraded LIC Housing Finance to 'underperform' from 'outperform'. Credit Suisse says the possibility of a merger with IDBI Bank will remain an overhang on the stock.
 Citi on COVID-19 Impact:  The brokerage says a longer, U-shaped recovery is more likely than a V-shaped recovery as inventories will weigh on commodity prices for longer than it is assumed.
Citi on COVID-19 Impact: The brokerage says a longer, U-shaped recovery is more likely than a V-shaped recovery as inventories will weigh on commodity prices for longer than it is assumed.
 Credit Suisse Market Strategy:  The global brokerage prefers ICICI Bank, SBI amongst banks, Power Grid in utilities, Tech Mahindra in IT and Bharti Airtel in Telecom.
Credit Suisse Market Strategy: The global brokerage prefers ICICI Bank, SBI amongst banks, Power Grid in utilities, Tech Mahindra in IT and Bharti Airtel in Telecom.
 Kotak Institutional Equities on COVID-19 Impact:  The brokerage says prolonged production stoppages because of coronavirus will have supply risks for import-dependent sectors.
Kotak Institutional Equities on COVID-19 Impact: The brokerage says prolonged production stoppages because of coronavirus will have supply risks for import-dependent sectors.
 Morgan Stanley on Hero MotoCorp:  The global brokerage maintains 'underweight' call on Hero MotoCorp at a target price of Rs 2,143 per share.
Morgan Stanley on Hero MotoCorp: The global brokerage maintains 'underweight' call on Hero MotoCorp at a target price of Rs 2,143 per share.
 Morgan Stanley on JSPL:  The global brokerage believes any restructuring of the international debt could improve the company's cash flow. Morgan Stanley maintains 'equal-weight' stance on JSPL at a target price of Rs 195 per share.
Morgan Stanley on JSPL: The global brokerage believes any restructuring of the international debt could improve the company's cash flow. Morgan Stanley maintains 'equal-weight' stance on JSPL at a target price of Rs 195 per share.
 Nomura on COVID-19 Impact:  The global brokerage says India stands as the least vulnerable to coronavirus (COVID-19) in Asia ex-Japan. Nomura says disruption in imports will affect pharma, autos, electronics, solar and agri sectors. But India could benefit from lower commodity prices.
Nomura on COVID-19 Impact: The global brokerage says India stands as the least vulnerable to coronavirus (COVID-19) in Asia ex-Japan. Nomura says disruption in imports will affect pharma, autos, electronics, solar and agri sectors. But India could benefit from lower commodity prices.
Live TV
Advertisement