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Thursday's top brokerage calls: Hexaware, Cummins and more

Updated : 2020-04-30 08:24:07

Indian equity market is set to start in the green on Thursday tracking gains in Asian peers after US Fed pledged to shore up the economy. Among brokerages, Morgan Stanley has raised the target for Hexaware post its Q4 earnings, while Nomura has a 'reduce' call for Cummins. Here are the top brokerage calls for today:

 Morgan Stanley on Hexaware : The brokerage has an 'equal-weight' call on the stock and raised its target to Rs 275 per share from Rs 250 earlier. Morgan Stanley expects the company's longer-term growth to be better than some of its peers.
Morgan Stanley on Hexaware: The brokerage has an 'equal-weight' call on the stock and raised its target to Rs 275 per share from Rs 250 earlier. Morgan Stanley expects the company's longer-term growth to be better than some of its peers.
 Nomura on Cummins : The brokerage has a 'reduce' call on the stock with a target at Rs 353 per share. It estimates a 20 percent fall in Q4 for the key segments of the company.
Nomura on Cummins: The brokerage has a 'reduce' call on the stock with a target at Rs 353 per share. It estimates a 20 percent fall in Q4 for the key segments of the company.
 Credit Suisse on Axis Bank : The brokerage maintains 'outperform' on the stock and raised target to Rs 520 per share from Rs 460 earlier. It expects market share gains to accelerate from large private banks.
Credit Suisse on Axis Bank: The brokerage maintains 'outperform' on the stock and raised target to Rs 520 per share from Rs 460 earlier. It expects market share gains to accelerate from large private banks.
 Credit Suisse on capital goods : According to the brokerage, cement remains the top pick, while utilities are least preferred. Credit Suisse continues to like the cement sector for its resilient retail demand.
Credit Suisse on capital goods: According to the brokerage, cement remains the top pick, while utilities are least preferred. Credit Suisse continues to like the cement sector for its resilient retail demand.
 Jefferies on UPL:  The brokerage has a 'buy' call on the stock with the target at Rs 430 per share. The stock has corrected 30 percent YTD on concerns of high leverage, it further noted.
Jefferies on UPL: The brokerage has a 'buy' call on the stock with the target at Rs 430 per share. The stock has corrected 30 percent YTD on concerns of high leverage, it further noted.
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