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Thursday's top brokerage calls: Axis Bank, Max Financial and more

Updated : February 25, 2021 09:05 AM IST

Among brokerages, Morgan Stanley is bullish on Axis Bank and CLSA on Max Financial after insurance regulator IRDAI approved Axis Entities’ 19 percent acquisition of Max Life’s stake. Here are the other top brokerage calls for the day:

 Morgan Stanley on Axis Bank:  The brokerage is 'overweight' on the stock with a target of Rs 1,000 per share. Insurance regulator IRDAI has approved Axis Entities’ 19 percent acquisition of Max Life’s stake.
Morgan Stanley on Axis Bank: The brokerage is 'overweight' on the stock with a target of Rs 1,000 per share. Insurance regulator IRDAI has approved Axis Entities’ 19 percent acquisition of Max Life’s stake.
 CLSA on Max Financial:  The brokerage has a 'buy' call on the stock with a target at Rs 1,225 per share. IRDAI nod for Max Life deal removes the distribution overhang, said the brokerage, adding that Axis joint venture can help structural improvement in growth outlook and VNB margin.
CLSA on Max Financial: The brokerage has a 'buy' call on the stock with a target at Rs 1,225 per share. IRDAI nod for Max Life deal removes the distribution overhang, said the brokerage, adding that Axis joint venture can help structural improvement in growth outlook and VNB margin.
 Morgan Stanley on Financials:  As per the brokerage, the restrictions around 'government businesses' lifted for private banks are positive as it will improve their share of fees/deposits at govt businesses over the medium term.
Morgan Stanley on Financials: As per the brokerage, the restrictions around 'government businesses' lifted for private banks are positive as it will improve their share of fees/deposits at govt businesses over the medium term.
 Morgan Stanley on India Materials:  The brokerage is assuming supercycle profitability in the steel sector until the June quarter. It sees tailwinds to Q4 realisations and profitability with potential risks on the upside.
Morgan Stanley on India Materials: The brokerage is assuming supercycle profitability in the steel sector until the June quarter. It sees tailwinds to Q4 realisations and profitability with potential risks on the upside.
 Morgan Stanley on Bharti Airtel:  The brokerage is 'overweight' on the stock with a target at Rs 760 per share. Airtel announced the launch of Airtel Ads, which, Morgan Stanley believes will digitally leverage its apps to provide targeted advertisements for brands.
Morgan Stanley on Bharti Airtel: The brokerage is 'overweight' on the stock with a target at Rs 760 per share. Airtel announced the launch of Airtel Ads, which, Morgan Stanley believes will digitally leverage its apps to provide targeted advertisements for brands.
 HSBC on Industrials:  HSBC said that the December quarter showed sharp sequential improvement in the industrials. It assumes EBITDA growth of 16-17 percent over the next 15 years in its target prices for industrial-facing equities.
HSBC on Industrials: HSBC said that the December quarter showed sharp sequential improvement in the industrials. It assumes EBITDA growth of 16-17 percent over the next 15 years in its target prices for industrial-facing equities.
 HSBC on Multiplex:  The brokerage has 'buy' calls on both PVR and Inox Leisure. It sees a significant opportunity for PVR and Inox to pursue penetration-led growth.
HSBC on Multiplex: The brokerage has 'buy' calls on both PVR and Inox Leisure. It sees a significant opportunity for PVR and Inox to pursue penetration-led growth.
Published : February 25, 2021 09:05 AM IST
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