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Wednesday's top brokerage calls: Adani Ports, RBL Bank and more

Updated : May 05, 2021 10:03 AM IST

Among brokerages, Citi is bullish on Adani Ports after it released it March quarter numbers while CLSA and Citi cut target price for RBL Bank on weak Q4. Here are the top brokerage calls for today:

 Citi on Adani Ports:  The brokerage maintains a 'buy' call on the stock with a target at Rs 1,000 per share. It raised FY22E/FY23 revenue for Adani Ports by 5 percent/10 percent and EPS for the same period by 7 percent/14 percent.
Citi on Adani Ports: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,000 per share. It raised FY22E/FY23 revenue for Adani Ports by 5 percent/10 percent and EPS for the same period by 7 percent/14 percent.
 Citi on RBL Bank:  The brokerage maintains a 'buy' call on the stock but cut its target to Rs 250 per share from Rs 300 earlier. Citi also lowered the FY22E/23 net profit estimate for the lender by 16 percent/14 percent as it builds in a lower net interest margin and higher credit costs.
Citi on RBL Bank: The brokerage maintains a 'buy' call on the stock but cut its target to Rs 250 per share from Rs 300 earlier. Citi also lowered the FY22E/23 net profit estimate for the lender by 16 percent/14 percent as it builds in a lower net interest margin and higher credit costs.
 Morgan Stanley on RBL Bank:  The brokerage maintains an 'underweight' call on the stock with a target at Rs 190 per share. Q4 comes with continued weak asset quality for RBL Bank, it added.
Morgan Stanley on RBL Bank: The brokerage maintains an 'underweight' call on the stock with a target at Rs 190 per share. Q4 comes with continued weak asset quality for RBL Bank, it added.
 CLSA on RBL Bank:  The brokerage has a 'buy' call on the stock but cut its target to Rs 245 per share from Rs 315 earlier. It also cut PAT estimates by 6-14 percent with lower growth and an increase in provisions.
CLSA on RBL Bank: The brokerage has a 'buy' call on the stock but cut its target to Rs 245 per share from Rs 315 earlier. It also cut PAT estimates by 6-14 percent with lower growth and an increase in provisions.
 Credit Suisse on RBL Bank:  The brokerage has an 'underperform' call on the stock with a target at Rs 180 per share. RBL Bank’s slippages remain elevated, growth likely to lag larger peers, it said.
Credit Suisse on RBL Bank: The brokerage has an 'underperform' call on the stock with a target at Rs 180 per share. RBL Bank’s slippages remain elevated, growth likely to lag larger peers, it said.
 CLSA on Adani Ports:  The brokerage downgraded the stock to 'underperform' from 'outperform' but raised its target to Rs 816 per share from Rs 770 earlier. It believes that FY22 volume guidance, led by the second COVID wave, could disappoint the market.
CLSA on Adani Ports: The brokerage downgraded the stock to 'underperform' from 'outperform' but raised its target to Rs 816 per share from Rs 770 earlier. It believes that FY22 volume guidance, led by the second COVID wave, could disappoint the market.
 Jefferies on Adani Ports:  The brokerage maintains a 'buy' call on the stock with a target raised to Rs 910 per share from Rs 670 earlier. Adani Ports’ EBITDA should recover as volume rises and April 2021 price hikes reflect, it said.
Jefferies on Adani Ports: The brokerage maintains a 'buy' call on the stock with a target raised to Rs 910 per share from Rs 670 earlier. Adani Ports’ EBITDA should recover as volume rises and April 2021 price hikes reflect, it said.
 CLSA on Godrej Properties:  The brokerage has a 'sell' call on the stock with a target at Rs 1,145 per share. Record pre-sales & collections for Godrej Properties, but margin continues to disappoint, it said.
CLSA on Godrej Properties: The brokerage has a 'sell' call on the stock with a target at Rs 1,145 per share. Record pre-sales & collections for Godrej Properties, but margin continues to disappoint, it said.
Published : May 05, 2021 10:03 AM IST
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