• SENSEX
    NIFTY 50
Market

Top brokerage calls for October 25: Credit Suisse raises target price for Colgate, ITC; CLSA raises TP for Maruti

Updated : 2019-10-25 08:30:22

Starting with the most-awaited earnings this quarter, Maruti Suzuki on Thursday reported muted Q2 earnings as expected. The net profit this year came in at Rs 1,359 crore v/s Rs 2,240 crore last year, a drop of 39 percent year-on-year (YoY), the lowest profit in 15 quarters. IndiGo's net loss widened to Rs 1,062 crore in the quarter ended September 2019, from Rs 651.5 crore loss in the same quarter last fiscal. Among brokerages, Credit Suisse raised the target price (TP) for Colgate and ITC but cut TP for IndiGo. CLSA raised target price for Maruti Suzuki while maintaining a 'buy' call on the stock. Here are the top brokerage calls for today:

 Macquarie on United Spirits:  The brokerage maintained a 'neutral' call on the stock with a target price of Rs 592 per share. The brokerage believes the working capital deterioration in H1FY20 is due to the short-term liquidity.
Macquarie on United Spirits: The brokerage maintained a 'neutral' call on the stock with a target price of Rs 592 per share. The brokerage believes the working capital deterioration in H1FY20 is due to the short-term liquidity.
 Credit Suisse on Colgate:  The brokerage maintained 'outperform' call on the stock with the target price raised to Rs 1,725 from Rs 1,660 per share. It said that the company's steady quarter and advertising spend phasing is impacting the margins. The company could see a turnaround story after a period of market share erosion, it added.
Credit Suisse on Colgate: The brokerage maintained 'outperform' call on the stock with the target price raised to Rs 1,725 from Rs 1,660 per share. It said that the company's steady quarter and advertising spend phasing is impacting the margins. The company could see a turnaround story after a period of market share erosion, it added.
 CLSA on Maruti Suzuki:  CLSA maintained a' buy' rating on the stock with the target price raised to Rs 9,000 from Rs 7,950 per share. According to the brokerage, the company's weak Q2 was on the back of a 30 percent YoY volume drop. Easing commodity costs and demand recovery should improve margin, the brokerage added.
CLSA on Maruti Suzuki: CLSA maintained a' buy' rating on the stock with the target price raised to Rs 9,000 from Rs 7,950 per share. According to the brokerage, the company's weak Q2 was on the back of a 30 percent YoY volume drop. Easing commodity costs and demand recovery should improve margin, the brokerage added.
 Credit Suisse on IndiGo:  The brokerage maintained an 'outperform' rating on the stock and cut its target price to Rs 1,900 per share from Rs 2,000 earlier. CS expects spread expansion in FY21 on the back of normalisation of costs. It remains positive on the back of a strong balance sheet and cost structure.
Credit Suisse on IndiGo: The brokerage maintained an 'outperform' rating on the stock and cut its target price to Rs 1,900 per share from Rs 2,000 earlier. CS expects spread expansion in FY21 on the back of normalisation of costs. It remains positive on the back of a strong balance sheet and cost structure.
 Jefferies on Maruti Suzuki:  The brokerage maintained the 'hold ' rating on the stock with a target of Rs 7,000 per share. Jefferies said that the company's much of the margin beat was due to inventory accounting and will reverse.
Jefferies on Maruti Suzuki: The brokerage maintained the 'hold ' rating on the stock with a target of Rs 7,000 per share. Jefferies said that the company's much of the margin beat was due to inventory accounting and will reverse.
 Credit Suisse on ITC:  The brokerage maintained an 'outperform' call on the stock and increased the TP to Rs 330 per share. The brokerage said the company stayed away from large price hikes to help the cigarette volumes recover. However, the risk of a cigarette tax hike continues to remain.
Credit Suisse on ITC: The brokerage maintained an 'outperform' call on the stock and increased the TP to Rs 330 per share. The brokerage said the company stayed away from large price hikes to help the cigarette volumes recover. However, the risk of a cigarette tax hike continues to remain.
 Credit Suisse on Crompton Consumer:  The brokerage maintained the 'outperform' rating on the stock and cut its target to Rs 310 per share from Rs 330 earlier. Credit Suisse said that the higher investments in advertising and staff costs are positive in the longer term.
Credit Suisse on Crompton Consumer: The brokerage maintained the 'outperform' rating on the stock and cut its target to Rs 310 per share from Rs 330 earlier. Credit Suisse said that the higher investments in advertising and staff costs are positive in the longer term.
Live TV