• SENSEX
    NIFTY 50
Market

Top brokerage calls on September 27: Morgan Stanley 'overweight' on Maruti Suzuki, ITC

Updated : 2019-09-27 08:41:32

Indian shares are likely to open lower on Friday following losses in global markets. Asian stocks and US futures traded lower on the back of increased political uncertainties in the US amid concerns of the trade war with China. Benchmark indices BSE Sensex and NSE’s Nifty 50 advanced over 1 percent in the previous session. The SGX Nifty futures traded 0.3 percent lower today, pointing to a negative start for the two indices. Morgan Stanley maintained ‘Overweight’ on Maruti Suzuki India, saying the company is best positioned for an upcycle. Here are the top brokerage calls for today:

Morgan Stanley believes Maruti Suzuki Inda's capex outlook will improve due to tax benefits and that the car manufacturer is best positioned for an upcycle.
Morgan Stanley believes Maruti Suzuki Inda's capex outlook will improve due to tax benefits and that the car manufacturer is best positioned for an upcycle.
Morgan Stanley remained 'overweight' on United Spirits with a target price of Rs 700 per share.
Morgan Stanley remained 'overweight' on United Spirits with a target price of Rs 700 per share.
On ITC, the brokerage maintained the 'overweight' call and revised the target price to Rs 370 per share from Rs 360. MS said ITC is one of the biggest beneficiaries of the tax cuts.
On ITC, the brokerage maintained the 'overweight' call and revised the target price to Rs 370 per share from Rs 360. MS said ITC is one of the biggest beneficiaries of the tax cuts.
The brokerage said JSPL's profitability in FY20 will be resilient despite weak demand. The brokerage lowered its target price to Rs 139 from Rs 188 per share, but maintained the 'overweight' rating.
The brokerage said JSPL's profitability in FY20 will be resilient despite weak demand. The brokerage lowered its target price to Rs 139 from Rs 188 per share, but maintained the 'overweight' rating.
Jefferies said there is a low probability of further re-rating for staples given slowing topline growth. The brokerage maintained
Jefferies said there is a low probability of further re-rating for staples given slowing topline growth. The brokerage maintained "Hold" on HUL and Titan despite superior executive given a rich valuation.
In the consumer products sector, Jefferies expects the slowdown to spread into staples. The brokerage downgraded Asian Paints, Nestle and Dabur India to hold.
In the consumer products sector, Jefferies expects the slowdown to spread into staples. The brokerage downgraded Asian Paints, Nestle and Dabur India to hold.
On the liquidity framework, CLSA said better predictability and responsiveness will help banks manage growth and margins.
On the liquidity framework, CLSA said better predictability and responsiveness will help banks manage growth and margins.
Live TV

Ask Our Experts CNBC TV18