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Top brokerage calls for October 22: Brokerages positive on HDFC Bank, RIL; Infosys to remain under pressure

Updated : 2019-10-22 09:01:28

Brokerages said the whistleblower complaints against Infosys is expected to keep the stock under pressure for the near term, adding that the allegations could prompt an SEC investigation. Brokerages were positive on HDFC Bank and Reliance Industries following Q2 earnings. Here are the top brokerage calls for today.

Jefferies said the issue is likely to remain an overhang on Infosys' shares in the near term.
Jefferies said the issue is likely to remain an overhang on Infosys' shares in the near term.
Nomura maintained
Nomura maintained "buy" on HDFC Bank and raised the target price to Rs 1,425 per share from Rs 1,300 per share.
Morgan Stanley maintained
Morgan Stanley maintained "overweight" on HDFC Bank, with TP of Rs 1,700 per share.
UBS maintained
UBS maintained "Buy" on Reliance Industries, saying the company has delivered strong Q2 earnings despite headwinds in commodities.
Nomura raised the target price of Reliance Industries to Rs 1,785 per share from Rs 1,575 per share, with a
Nomura raised the target price of Reliance Industries to Rs 1,785 per share from Rs 1,575 per share, with a "Buy" rating.
HSBC also increased the target price of Reliance Industries, saying the company's earnings outlook looks robust.
HSBC also increased the target price of Reliance Industries, saying the company's earnings outlook looks robust.
Credit Suisse has increased the target price of HDFC Bank after Q2 earnings.
Credit Suisse has increased the target price of HDFC Bank after Q2 earnings.
Morgan Stanley said the whistleblower complaints against Infosys could put the stock under pressure.
Morgan Stanley said the whistleblower complaints against Infosys could put the stock under pressure.
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