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Thursday's top brokerage calls: Bharat Forge, Tata Power and more

Updated : 2020-08-13 09:08:42

Among brokerage calls, CLSA upgraded Bharat Forge to 'buy' after its June quarter numbers while Jefferies downgraded Tata Power on weaker than expected Q1. Here are the top brokerage calls for today:

 CLSA on Bharat Forge:  The brokerage upgraded the firm to 'buy' from 'underperform' and raised the target to Rs 535 per share from Rs 325 earlier. It said that the company is resilient in tough times with robust cost management and improving outlook.
CLSA on Bharat Forge: The brokerage upgraded the firm to 'buy' from 'underperform' and raised the target to Rs 535 per share from Rs 325 earlier. It said that the company is resilient in tough times with robust cost management and improving outlook.
 Jefferies on Bharat Forge:  The company has seen a severe downturn since Q1 but operations should improve, said the brokerage. It sees tailwinds from passenger vehicle exports, new emission parts, and defense.
Jefferies on Bharat Forge: The company has seen a severe downturn since Q1 but operations should improve, said the brokerage. It sees tailwinds from passenger vehicle exports, new emission parts, and defense.
 Jefferies on Tata Power:  The brokerage downgraded the stock to 'underperform' from 'hold' in July 2020. Q1 results were weaker than expected as power business disappointed, it added.
Jefferies on Tata Power: The brokerage downgraded the stock to 'underperform' from 'hold' in July 2020. Q1 results were weaker than expected as power business disappointed, it added.
 Morgan Stanley on Cummins : The brokerage has an 'outperform' rating on the stock with a target at Rs 460 per share. The next 12-18 months will remain challenging for the company, MS said.
Morgan Stanley on Cummins: The brokerage has an 'outperform' rating on the stock with a target at Rs 460 per share. The next 12-18 months will remain challenging for the company, MS said.
 Jefferies on Graphite India : The brokerage retained a 'buy' call on the stock. The company's Q1 revenue beat expectations but EBITDA loss was a miss, it added.
Jefferies on Graphite India: The brokerage retained a 'buy' call on the stock. The company's Q1 revenue beat expectations but EBITDA loss was a miss, it added.
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