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Thursday's top brokerage calls: Financials, SAIL and more

Updated : 2020-09-17 09:10:47

Among brokerages, CLSA remains positive on large private banks and SBI while Citi upgraded SAIL to 'buy' and raised its target price post June quarter numbers. Here are the top brokerage calls for the day:

 CLSA on Financials:  The brokerage notes that rate transmission is picking up and that the current interest rate transmission is not impacting loan spreads for banks or NBFCs. It remains positive on large private banks and SBI.
CLSA on Financials: The brokerage notes that rate transmission is picking up and that the current interest rate transmission is not impacting loan spreads for banks or NBFCs. It remains positive on large private banks and SBI.
 Citi on SAIL:  The brokerage upgraded the stock to 'buy' and raised its target price to Rs 50 per share from Rs 40 earlier. It says that better realisations, improving demand, rising volumes augur well for the company.
Citi on SAIL: The brokerage upgraded the stock to 'buy' and raised its target price to Rs 50 per share from Rs 40 earlier. It says that better realisations, improving demand, rising volumes augur well for the company.
 Morgan Stanley on SAIL:  The brokerage maintains an 'underperform' call on the stock with a target at Rs 43 per share. It noted that the company's management sounded confident about lowering its net debt further.
Morgan Stanley on SAIL: The brokerage maintains an 'underperform' call on the stock with a target at Rs 43 per share. It noted that the company's management sounded confident about lowering its net debt further.
 Kotak on IndiGo:  The brokerage has a 'buy' call on the stock with a target at Rs 1,520 per share. It noted that the recent surge in market share will limit cash loss and obviate the need for external funding.
Kotak on IndiGo: The brokerage has a 'buy' call on the stock with a target at Rs 1,520 per share. It noted that the recent surge in market share will limit cash loss and obviate the need for external funding.
 CLSA on Dalmia Bharat:  The brokerage has a 'buy' call on the stock but has cut target to Rs 1,000 from Rs 1,010 per share earlier. It says at current valuations, investors' concerns are more than priced in.
CLSA on Dalmia Bharat: The brokerage has a 'buy' call on the stock but has cut target to Rs 1,000 from Rs 1,010 per share earlier. It says at current valuations, investors' concerns are more than priced in.
 Jefferies on Concor:  The brokerage maintains a 'buy' call on the stock with a target at Rs 525 per share. It says that the company has the potential to double over the next three years.
Jefferies on Concor: The brokerage maintains a 'buy' call on the stock with a target at Rs 525 per share. It says that the company has the potential to double over the next three years.
 HSBC on IT Services:  The brokerage continues to like the IT services sector with a medium to long-term perspective. Supply-side normalizations and pick-up in cost-related deals will lead Q2 recovery, it says.
HSBC on IT Services: The brokerage continues to like the IT services sector with a medium to long-term perspective. Supply-side normalizations and pick-up in cost-related deals will lead Q2 recovery, it says.
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