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Top brokerage calls for June 14: Credit Suisse bullish on HDFC, Morgan Stanley 'underweight' on HCL Tech

Updated : 2019-06-14 08:52:03

Indian benchmark indices are set for a negative start amid the ongoing geopolitical tensions and persisting concerns over NBFC liquidity situation. Meanwhile, Asian sentiment remained muted. On Thursday, recovery in the last hour of trade helped the market close flat on June 13, backed by select major banking stocks. Among brokerages, CLSA has a 'sell' call on JSW Steel and JSW Steel. Morgan Stanley is overweight on Axis Bank, while Morgan Stanley maintains 'underweight' on HCL Tech. Here are the other top brokerage calls for Friday:

<strong>CLSA on Metal Companies:</strong> The brokerage has 'sell' calls on Tata Steel and JSW Steel in the metals space. It added that the entry of ArcelorMittal in India is likely to intensify competition.
CLSA on Metal Companies: The brokerage has 'sell' calls on Tata Steel and JSW Steel in the metals space. It added that the entry of ArcelorMittal in India is likely to intensify competition.
<strong>CLSA on Financials</strong>: The brokerage sees a turnaround in financials’ earnings from FY20. Resolution of defaults by Dewan Housing Finance is key, it adds. It expects slow growth from NBFC, while believes life insurers will fare better.
CLSA on Financials: The brokerage sees a turnaround in financials’ earnings from FY20. Resolution of defaults by Dewan Housing Finance is key, it adds. It expects slow growth from NBFC, while believes life insurers will fare better.
<strong>Morgan Stanley on HCL Tech</strong>: The brokerage has an 'underweight' call on the stock with the target at Rs 1,000 per share. It believes ex-client issues, HCL Tech’s BFSI to grow in-line with the company average.
Morgan Stanley on HCL Tech: The brokerage has an 'underweight' call on the stock with the target at Rs 1,000 per share. It believes ex-client issues, HCL Tech’s BFSI to grow in-line with the company average.
<strong>Credit Suisse on HDFC</strong>: The brokerage maintains 'outperform' call on the stock. It expects 15-20 percent retail growth. Company will continue to add to provisions with gains from Gruh merger, it added.
Credit Suisse on HDFC: The brokerage maintains 'outperform' call on the stock. It expects 15-20 percent retail growth. Company will continue to add to provisions with gains from Gruh merger, it added.
<strong>Morgan Stanley on Jubilant Food</strong>: The brokerage is bullish on the stock with a target at Rs 1,525 per share as the management is optimistic on the long-term growth potential for the quick-service industry.
Morgan Stanley on Jubilant Food: The brokerage is bullish on the stock with a target at Rs 1,525 per share as the management is optimistic on the long-term growth potential for the quick-service industry.
<strong>Morgan Stanley on ICICI Bank</strong>: The brokerage is positive on the stock with a target at Rs 625 per share. The brokerage expects the loan growth to improve in FY20.
Morgan Stanley on ICICI Bank: The brokerage is positive on the stock with a target at Rs 625 per share. The brokerage expects the loan growth to improve in FY20.
<strong>Morgan Stanley on TCS:</strong> The brokerage has an 'equal-weight' call with a target at Rs 1,980 per share. The deal pipeline is robust and the order book is better as compared to the last few quarters, it adds.
Morgan Stanley on TCS: The brokerage has an 'equal-weight' call with a target at Rs 1,980 per share. The deal pipeline is robust and the order book is better as compared to the last few quarters, it adds.
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