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Top brokerage calls for October 31: CLSA bullish on Bharti Airtel, SBI; Morgan Stanley 'underweight' on Tata Global Beverages

Updated : 2019-10-31 08:36:43

CLSA maintained 'buy' call on Bharti Airtel and the State Bank of India, saying that the telecom operator continued revenue growth in India was led by higher-than-expected ARPUs, while the public sector lender is expected to see an earnings recovery from FY20. Among other brokerages, Morgan Stanley maintained 'underweight' on Tata Global Beverages and Nomura maintained a 'buy' call on CONCOR. Here are the top brokerage calls for Thursday:

<strong>CLSA on Bharti Airtel:</strong> The brokerage maintained buy on Bharti Airtel with a target price at Rs 415 per share. CLSA said that the company's continued revenue growth in India is on the back of higher-than-expected average revenue per user (ARPU).
CLSA on Bharti Airtel: The brokerage maintained buy on Bharti Airtel with a target price at Rs 415 per share. CLSA said that the company's continued revenue growth in India is on the back of higher-than-expected average revenue per user (ARPU).
<strong>CLSA on Ramco Cements:</strong> The brokerage maintained a 'buy' call on the stock with the target price raised at Rs 1,050. It said that the company 's volume growth of about 10 percent year-on-year (YoY) came as a big positive surprise. The next 18 months will be busy for the company as it plans to add 45 percent to its current capacity, the brokerage added.
CLSA on Ramco Cements: The brokerage maintained a 'buy' call on the stock with the target price raised at Rs 1,050. It said that the company 's volume growth of about 10 percent year-on-year (YoY) came as a big positive surprise. The next 18 months will be busy for the company as it plans to add 45 percent to its current capacity, the brokerage added.
<strong>Morgan Stanley on Tata Global Beverages</strong>: Morgan Stanley maintained 'underweight' on the stock with a target price at Rs 165. It said that Q2 profit before tax was marginally above their estimates.
Morgan Stanley on Tata Global Beverages: Morgan Stanley maintained 'underweight' on the stock with a target price at Rs 165. It said that Q2 profit before tax was marginally above their estimates.
<strong>Nomura on CONCOR</strong>: Nomura maintained a 'buy' rating on the stock with the target price at Rs 670. The brokerage said that the company's realizations continue to remain strong from Q1 and that delays in DFC completion and weakening global growth will be the key downside risks.
Nomura on CONCOR: Nomura maintained a 'buy' rating on the stock with the target price at Rs 670. The brokerage said that the company's realizations continue to remain strong from Q1 and that delays in DFC completion and weakening global growth will be the key downside risks.
<strong>CLSA on SBI:</strong> The brokerage maintained a 'buy' rating on the stock with a target price at Rs 390. The SBI management expects slippages to moderate from FY21. The lender remains the top PSU bank pick for CLSA.
CLSA on SBI: The brokerage maintained a 'buy' rating on the stock with a target price at Rs 390. The SBI management expects slippages to moderate from FY21. The lender remains the top PSU bank pick for CLSA.
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