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Top brokerage calls for August 30: Morgan Stanley cuts target price of Axis Bank, Citi bullish on Maruti Suzuki

Updated : 2019-08-30 09:03:02

Indian shares are likely to open little changed on Friday, tracking gains in Asian stocks but worries over the US-China trade talks are likely to weigh on investor sentiment. Among brokerages, Morgan Stanley is positive on Reliance Industries and Axis Bank. Here are the top brokerage calls for Friday:

Morgan Stanley on Reliance: The brokerage maintained 'overweight' on Reliance Industries with a price target of Rs 1,349 per share. It said that the recovery in oil-to-chemical business is getting more evident.
Morgan Stanley on Reliance: The brokerage maintained 'overweight' on Reliance Industries with a price target of Rs 1,349 per share. It said that the recovery in oil-to-chemical business is getting more evident.
CLSA on Autos: CLSA expects auto companies to report weak wholesale volumes for August. It further added that Ashok Leyland, Maruti Suzuki and Tata Motors may report a decline of 24-28 percent.
CLSA on Autos: CLSA expects auto companies to report weak wholesale volumes for August. It further added that Ashok Leyland, Maruti Suzuki and Tata Motors may report a decline of 24-28 percent.
Morgan Stanley on Shree Cement: Morgan Stanley maintained 'equalweight' on Shree Cement with target price of Rs 19,270 per share. The brokerage believes that the share price of the stock will fall relative to the industry over the next 60 days.
Morgan Stanley on Shree Cement: Morgan Stanley maintained 'equalweight' on Shree Cement with target price of Rs 19,270 per share. The brokerage believes that the share price of the stock will fall relative to the industry over the next 60 days.
Citi Research on Maruti Suzuki: Citi Research remained bullish on Maruti Suzuki with a target price of Rs 7,400 per share. The brokerage cut its FY20-22 earnings estimates by 7-14 percent on account of 3-5 percent cut in volumes.
Citi Research on Maruti Suzuki: Citi Research remained bullish on Maruti Suzuki with a target price of Rs 7,400 per share. The brokerage cut its FY20-22 earnings estimates by 7-14 percent on account of 3-5 percent cut in volumes.
Morgan Stanley on Axis Bank: Morgan Stanley maintained 'overweight' on Axis Bank but cut the target price to Rs 975 from Rs 1,000 per share. The company should see some rise in bad loans and credit costs, it said.
Morgan Stanley on Axis Bank: Morgan Stanley maintained 'overweight' on Axis Bank but cut the target price to Rs 975 from Rs 1,000 per share. The company should see some rise in bad loans and credit costs, it said.
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