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These are Tuesday's biggest brokerage calls: Yes Bank, Lupin and more

Updated : 2020-01-14 08:28:52

Indian equity bourses are expected to open higher on Tuesday, tracking gains in global markets ahead of the signing of a US-China trade deal. However, December inflation data points to a further pause in RBI monetary policy and more measures from the government. Among brokerages, Nomura, Phillip Capital, and Nomura expect inflation to remain elevated. Here are the top brokerage calls for Tuesday:

 Phillip Capital on CPI:   CPI rate surged to 7.4 percent, while core inflation is stable at 3.7 percent. The brokerage maintains its stance of status quo on interest rates and expects inflation to remain elevated for the rest of FY.
Phillip Capital on CPI:  CPI rate surged to 7.4 percent, while core inflation is stable at 3.7 percent. The brokerage maintains its stance of status quo on interest rates and expects inflation to remain elevated for the rest of FY.
 Nomura on CPI : According to the brokerage, inflation is likely to remain elevated in January. It expects RBI to maintain status quo in February policy meet but it may deliver a 25 bps rate cut by Q2FY21.
Nomura on CPI: According to the brokerage, inflation is likely to remain elevated in January. It expects RBI to maintain status quo in February policy meet but it may deliver a 25 bps rate cut by Q2FY21.
 Deutsche Bank on CPI:  According to the brokerage, CPI may average about 5.9 percent in January-March 2020 and closer To 4.9 percent in H1FY21. CPI may fall sharply in October-December 2020 to 3.1 percent, with December 2020 print closer to 2 percent, it added.
Deutsche Bank on CPI: According to the brokerage, CPI may average about 5.9 percent in January-March 2020 and closer To 4.9 percent in H1FY21. CPI may fall sharply in October-December 2020 to 3.1 percent, with December 2020 print closer to 2 percent, it added.
 Morgan Stanley on CPI:  The brokerage expects inflation to remain about 7 percent over the next three-four months. The effect of telecom tariff hikes may linger for the next one-two months, it noted.
Morgan Stanley on CPI: The brokerage expects inflation to remain about 7 percent over the next three-four months. The effect of telecom tariff hikes may linger for the next one-two months, it noted.
 Kotak Institutional Equities on Yes Bank:  The brokerage maintains 'sell' call on the stock and cut its target to Rs 40 from Rs 55 earlier. It added that earnings will likely be very volatile in the medium term.
Kotak Institutional Equities on Yes Bank: The brokerage maintains 'sell' call on the stock and cut its target to Rs 40 from Rs 55 earlier. It added that earnings will likely be very volatile in the medium term.
 Kotak Institutional Equities on Lupin:  The brokerage has an 'add' rating on the stock with a target at Rd 840 per share. It added that progress on compliance is a key catalyst now.
Kotak Institutional Equities on Lupin: The brokerage has an 'add' rating on the stock with a target at Rd 840 per share. It added that progress on compliance is a key catalyst now.
 Nomura on Lupin:  The brokerage maintains a 'buy' call on the stock with a target at Rs 913 per share. It added that US sales uptick will depend on the ramp-up of Levothyroxine, Solosec.
Nomura on Lupin: The brokerage maintains a 'buy' call on the stock with a target at Rs 913 per share. It added that US sales uptick will depend on the ramp-up of Levothyroxine, Solosec.
 Morgan Stanley on Dalmia Bharat:  The brokerage is 'equal weight' on the stock with a target at Rs 945 per share.
Morgan Stanley on Dalmia Bharat: The brokerage is 'equal weight' on the stock with a target at Rs 945 per share.
 JM Financial India Strategy:  The brokerage retains its bias toward large-caps in the medium term.
JM Financial India Strategy: The brokerage retains its bias toward large-caps in the medium term.
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