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Thursday's top brokerage calls: Bajaj Finance, L&T Tech and more

Updated : 2021-01-21 08:54:32

Among brokerages, Citi is 'neutral' on Bajaj Finance while Goldman Sachs maintained a 'sell' call on the stock after its December quarter results. Also, CLSA raised the target price for L&T Tech and maintained an 'outperform' rating on the stock. Here are the top brokerage calls for today:

 Citi on Bajaj Finance:  The brokerage is 'neutral' on the stock with a target at Rs 5,450 per share. It said that the key positive for the firm was credit cost guidance, adding that its FY21 AUM growth is likely to fall below earlier guidance.
Citi on Bajaj Finance: The brokerage is 'neutral' on the stock with a target at Rs 5,450 per share. It said that the key positive for the firm was credit cost guidance, adding that its FY21 AUM growth is likely to fall below earlier guidance.
 Goldman Sachs on Bajaj Finance:  The brokerage maintains a 'sell' call on the stock with a target at Rs 4,140 per share. It said that challenging growth outlook and increased competitive headwinds are key takeaways.
Goldman Sachs on Bajaj Finance: The brokerage maintains a 'sell' call on the stock with a target at Rs 4,140 per share. It said that challenging growth outlook and increased competitive headwinds are key takeaways.
 CLSA on L&T Tech:  The brokerage has an 'outperform' call on the stock and raised its target to Rs 2,740 per share from Rs 2,550 earlier. L&T Tech’s revenue growth and margin recovered and deal activity is strong, added the brokerage.
CLSA on L&T Tech: The brokerage has an 'outperform' call on the stock and raised its target to Rs 2,740 per share from Rs 2,550 earlier. L&T Tech’s revenue growth and margin recovered and deal activity is strong, added the brokerage.
 UBS on Havells:  The brokerage remains 'neutral' on the stock with a target at Rs 800 per share. It said that strong growth is sustaining on the back of market share gains and added that risk-reward is balanced.
UBS on Havells: The brokerage remains 'neutral' on the stock with a target at Rs 800 per share. It said that strong growth is sustaining on the back of market share gains and added that risk-reward is balanced.
 HSBC on IT sector:  As per the brokerage, the IT industry margin may get a tailwind of 150 bps from post COVID operations improvements. It continues to like the sector and sees IT stocks in FY21 tracking revenue growth of mid-teens in FY22.
HSBC on IT sector: As per the brokerage, the IT industry margin may get a tailwind of 150 bps from post COVID operations improvements. It continues to like the sector and sees IT stocks in FY21 tracking revenue growth of mid-teens in FY22.
 Investec on Federal Bank:  The brokerage has a 'buy' call on the stock with a target at Rs 130 per share. It said that the bank reported stable asset quality numbers with a collection efficiency of 95 percent. This allowed the bank to report pro forma slippages run-rate of just 1.5 percent, it added.
Investec on Federal Bank: The brokerage has a 'buy' call on the stock with a target at Rs 130 per share. It said that the bank reported stable asset quality numbers with a collection efficiency of 95 percent. This allowed the bank to report pro forma slippages run-rate of just 1.5 percent, it added.
 Morgan Stanley on Federal Bank : The brokerage is 'equal-weight' on the stock with a target at Rs 75 per share. It said that core PPoP (Pre-provision operating profit) is at 12 percent above estimates, driven by better-than-expected revenues.
Morgan Stanley on Federal Bank: The brokerage is 'equal-weight' on the stock with a target at Rs 75 per share. It said that core PPoP (Pre-provision operating profit) is at 12 percent above estimates, driven by better-than-expected revenues.
 CLSA on Sterlite Tech:  The brokerage has a 'buy' call on the stock with the target raised to Rs 255 per share from Rs 250 earlier. The firm's manufacturing operation capacity utilisations are at an all-time high, said CLSA adding that the management is targetting a doubling of revenues by 2023.
CLSA on Sterlite Tech: The brokerage has a 'buy' call on the stock with the target raised to Rs 255 per share from Rs 250 earlier. The firm's manufacturing operation capacity utilisations are at an all-time high, said CLSA adding that the management is targetting a doubling of revenues by 2023.
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