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

Updated : 2020-07-23 08:39:10

Among brokerages, Macquarie and CLSA are bullish on L&T post its June quarter earnings while Citi maintained a 'sell' call on Bajaj Auto. Here are the top brokerage calls for the day:

 CLSA on L&T:  The brokerage maintained a 'buy' rating on L&T, but cut the target to Rs 1,280 per share from Rs 1,290 earlier. It sees the company as a good proxy for domestic capex and added that the stock is inexpensive at current levels.
CLSA on L&T: The brokerage maintained a 'buy' rating on L&T, but cut the target to Rs 1,280 per share from Rs 1,290 earlier. It sees the company as a good proxy for domestic capex and added that the stock is inexpensive at current levels.
 Macquarie on L&T:  The brokerage maintained an 'outperform' call on the stock with a target at Rs 1,340 per share. It says core E&C came in better than expected; credit provisions in L&T Finance impacted consolidated earnings.
Macquarie on L&T: The brokerage maintained an 'outperform' call on the stock with a target at Rs 1,340 per share. It says core E&C came in better than expected; credit provisions in L&T Finance impacted consolidated earnings.
 CLSA on Bajaj Auto:  The brokerage has a 'buy' rating on the stock with the target being raised to Rs 3,550 per share. It also increased FY21-23 EPS estimates by 3-4 percent.
CLSA on Bajaj Auto: The brokerage has a 'buy' rating on the stock with the target being raised to Rs 3,550 per share. It also increased FY21-23 EPS estimates by 3-4 percent.
 Citi on Bajaj Auto:  The brokerage maintained a 'sell' call on the stock with a target at Rs 2,200 per share. Realisations are up marginally along with slight cuts in costs, especially in fixed costs, it added.
Citi on Bajaj Auto: The brokerage maintained a 'sell' call on the stock with a target at Rs 2,200 per share. Realisations are up marginally along with slight cuts in costs, especially in fixed costs, it added.
 CLSA on ICICI Securities:  The brokerage maintained a 'buy' call on the stock with the target raised to Rs 625 per share from Rs 450 earlier. It raised FY21 EPS estimates by 18 percent to factor in strong Q1 earnings.
CLSA on ICICI Securities: The brokerage maintained a 'buy' call on the stock with the target raised to Rs 625 per share from Rs 450 earlier. It raised FY21 EPS estimates by 18 percent to factor in strong Q1 earnings.
 Nomura on Balkrishna Industries:  The brokerage has a 'buy' call on the stock with a target at Rs 1,445 after agri tyre exports from India rebounded 57 percent YoY in June.
Nomura on Balkrishna Industries: The brokerage has a 'buy' call on the stock with a target at Rs 1,445 after agri tyre exports from India rebounded 57 percent YoY in June.
 CLSA on Lupin:  The brokerage maintained a 'sell' call on the stock, saying PE valuations of 28x FY22 EPS remain punchy.
CLSA on Lupin: The brokerage maintained a 'sell' call on the stock, saying PE valuations of 28x FY22 EPS remain punchy.
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