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Tuesday's top brokerage calls: Tata Motors, Exide and more

Updated : 2020-08-04 08:48:17

Among brokerages, Morgan Stanley raises target price for Tata Motors post June quarter earnings while Citi is bullish on Exide. Here are the top brokerage calls for the day:

 Morgan Stanley on Tata Motors:  The brokerage maintains 'equal weight' call on the stock with a target raised to Rs 113 per share from Rs 86 earlier. It says sequential earnings momentum for Tata Motors is strong.
Morgan Stanley on Tata Motors: The brokerage maintains 'equal weight' call on the stock with a target raised to Rs 113 per share from Rs 86 earlier. It says sequential earnings momentum for Tata Motors is strong.
 Citi on Exide:  The brokerage maintains 'buy' call on the stock with a target at Rs 230 per share. The brokerage is bullish on increased demand for replacement batteries.
Citi on Exide: The brokerage maintains 'buy' call on the stock with a target at Rs 230 per share. The brokerage is bullish on increased demand for replacement batteries.
 Nomura on Exide:  The brokerage is 'neutral' on the stock with a target at Rs 176 per share. It maintains FY21/22 volume growth forecast for Exide of 3 percent/10 percent.
Nomura on Exide: The brokerage is 'neutral' on the stock with a target at Rs 176 per share. It maintains FY21/22 volume growth forecast for Exide of 3 percent/10 percent.
 Macquarie on Metals:  As per the brokerage, higher domestic prices, improving volume mix will support profitability for the metal sector going ahead. It retains 'outperform' call on JSPL, JSW Steel and Hindalco.
Macquarie on Metals: As per the brokerage, higher domestic prices, improving volume mix will support profitability for the metal sector going ahead. It retains 'outperform' call on JSPL, JSW Steel and Hindalco.
 Citi on Steel:  Hot-rolled coil (HRC) prices are now back to pre-COVID levels, demand has been on an uptrend, said the brokerage. It maintains buy on Tata Steel and JSPL.
Citi on Steel: Hot-rolled coil (HRC) prices are now back to pre-COVID levels, demand has been on an uptrend, said the brokerage. It maintains buy on Tata Steel and JSPL.
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