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Tuesday’s top brokerage calls: Tata Motors, IndusInd Bank, Hindustan Unilever and more

Updated : March 23, 2021 09:09 AM IST

Among brokerages, CLSA maintains Buy on Tata Motors, while Investec expects HUL to report a 32%/39%/25% revenue/EBITDA/EPS growth for Q4. Here are the top brokerage calls for today.

 Jefferies on Reliance Industries  | Over FY21-23, Jefferies expects Reliance Jio to gain 450 bps revenue market share to 42 percent driving 15 percent compound annual growth rate in revenue.
Jefferies on Reliance Industries | Over FY21-23, Jefferies expects Reliance Jio to gain 450 bps revenue market share to 42 percent driving 15 percent compound annual growth rate in revenue.
 CLSA on Tata Motors  | CLSA estimates JLR’s overall retail sales to have declined 9 percent YoY in February 2021 but the brokerage’s positive view continues to be premised on the company's strong free-cash-flow generation.
CLSA on Tata Motors | CLSA estimates JLR’s overall retail sales to have declined 9 percent YoY in February 2021 but the brokerage’s positive view continues to be premised on the company's strong free-cash-flow generation.
 Credit Suisse on IndusInd Bank  | The brokerage expects IndusInd Bank’s return on equity to improve to 13 percent. It maintained an Outperform call on the stock.
Credit Suisse on IndusInd Bank | The brokerage expects IndusInd Bank’s return on equity to improve to 13 percent. It maintained an Outperform call on the stock.
 JP Morgan on Hindustan Unilever  | JP Morgan forecasts 17 percent EPS compound annual growth return for HUL over FY21-23 and believes price hikes are underway.
JP Morgan on Hindustan Unilever | JP Morgan forecasts 17 percent EPS compound annual growth return for HUL over FY21-23 and believes price hikes are underway.
 Jefferies on Hindustan Unilever  | Jefferies maintained a Buy call on the stock with a target price of Rs 2,650 per share. It noted that HUL's discretionary and out-of-home portfolio are accelerating, while health & hygiene are decelerating.
Jefferies on Hindustan Unilever | Jefferies maintained a Buy call on the stock with a target price of Rs 2,650 per share. It noted that HUL's discretionary and out-of-home portfolio are accelerating, while health & hygiene are decelerating.
 Investec on Hindustan Unilever  | Investec expects HUL to report a 32%/39%/25% revenue/EBITDA/EPS growth for Q4.
Investec on Hindustan Unilever | Investec expects HUL to report a 32%/39%/25% revenue/EBITDA/EPS growth for Q4.
 JP Morgan on BPCL  | BPCL’s share sale at Rs 700-750 per share is not impossible but it would depend on who joins the bidding consortium, JPMorgan says.
JP Morgan on BPCL | BPCL’s share sale at Rs 700-750 per share is not impossible but it would depend on who joins the bidding consortium, JPMorgan says.
 Jefferies on Bandhan Bank  | Jefferies maintains a Buy call on the stock and believes that further deterioration of collection in core eastern geographies is key downside risk.
Jefferies on Bandhan Bank | Jefferies maintains a Buy call on the stock and believes that further deterioration of collection in core eastern geographies is key downside risk.
 Goldman Sachs on Bandhan Bank  | The brokerage is of the view that the bank's robust profitability and diversification of revenue stream would help in addressing asset quality better.
Goldman Sachs on Bandhan Bank | The brokerage is of the view that the bank's robust profitability and diversification of revenue stream would help in addressing asset quality better.
Published : March 23, 2021 09:09 AM IST
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