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Top brokerage calls for October 4: Citi maintains 'Sell' on Yes Bank, CLSA bullish on Maruti

Updated : 2019-10-04 09:02:07

Indian shares are likely to open higher on Friday following gains in Asian peers and Wall Street, as investors await for a further cut in the repo rate at the RBI policy decision. Among brokerages, Citi is bearish on Yes Bank, while CLSA has a 'buy' call on Maruti. Goldman Sachs upgrades Wipro and raises its target price. Here are the top brokerage calls for Friday:

 Citi on Yes Bank:  The brokerage has a 'sell' call on the stock with a target price at Rs 80 per share. A lot of developments regarding the lender have surfaced this week and Citi believes the recent correction in the stock is delinked from fundamentals.
Citi on Yes Bank: The brokerage has a 'sell' call on the stock with a target price at Rs 80 per share. A lot of developments regarding the lender have surfaced this week and Citi believes the recent correction in the stock is delinked from fundamentals.
 CLSA on Maruti:  The brokerage maintained a 'buy' call on the stock with a target at Rs 7,950 per share. Bringing SUV styling to compact cars should help boost market share, it said, adding that the Indian market still lacks SUV-like products in a lower price range. The brokerage said it sees potential for the company to strengthen its India franchise on such launches.
CLSA on Maruti: The brokerage maintained a 'buy' call on the stock with a target at Rs 7,950 per share. Bringing SUV styling to compact cars should help boost market share, it said, adding that the Indian market still lacks SUV-like products in a lower price range. The brokerage said it sees potential for the company to strengthen its India franchise on such launches.
 Citi on IndusInd Bank:  The brokerage was bullish on the stock with a target price at Rs 1,980 per share. The brokerage said that the lender's asset quality is holding up well and the NPA coverage is likely to increase. It added that retail will lead loan growth for the private sector lender.
Citi on IndusInd Bank: The brokerage was bullish on the stock with a target price at Rs 1,980 per share. The brokerage said that the lender's asset quality is holding up well and the NPA coverage is likely to increase. It added that retail will lead loan growth for the private sector lender.
 Goldman Sachs on Wipro:  The brokerage upgraded the stock to 'neutral' from 'sell' and raised its target price to Rs 226 from Rs 221 earlier. The current valuation reflects its weak growth profile versus peers, the brokerage said. It expects the company to continue underperforming peers on IT revenue growth.
Goldman Sachs on Wipro: The brokerage upgraded the stock to 'neutral' from 'sell' and raised its target price to Rs 226 from Rs 221 earlier. The current valuation reflects its weak growth profile versus peers, the brokerage said. It expects the company to continue underperforming peers on IT revenue growth.
Nomura on ConCor: The brokerage maintained a 'buy' call on the stock with a target at Rs 652 per share. According to the broekrage, the company is at the cusp of a multi-year growth, which will be driven by an increase in rail share to 40 percent by FY23-24.
Nomura on ConCor: The brokerage maintained a 'buy' call on the stock with a target at Rs 652 per share. According to the broekrage, the company is at the cusp of a multi-year growth, which will be driven by an increase in rail share to 40 percent by FY23-24.
 HSBC on Tata Motors:  The brokerage maintained a 'hold' call on the stock and cut its target price to Rs 135 per share from Rs 160 earlier. JLR decline in China seems to be bottoming out, said the brokerage, adding that recovery seems far-fetched as most models facing idiosyncratic demand issues.
HSBC on Tata Motors: The brokerage maintained a 'hold' call on the stock and cut its target price to Rs 135 per share from Rs 160 earlier. JLR decline in China seems to be bottoming out, said the brokerage, adding that recovery seems far-fetched as most models facing idiosyncratic demand issues.
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