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Wednesday's top brokerage calls: Auto sector, HPCL and more

Updated : 2020-12-02 08:51:41

Brokerages Morgan Stanley, Nomura and CLSA share their views on the auto sector after cos released their monthly sales data yesterday. Among individual stocks, Morgan Stanley is 'overweight' on HPCL while CLSA raised the target price for Phoenix Mills. Here are the top brokerage calls for today:

 Morgan Stanley on Auto:  Domestic growth tapered off a bit as expected, said the brokerage, adding that rural segments continued to perform well. It expects all segments to recover sharply in 2021.
Morgan Stanley on Auto: Domestic growth tapered off a bit as expected, said the brokerage, adding that rural segments continued to perform well. It expects all segments to recover sharply in 2021.
 Nomura on Auto : Auto industry wholesales for the month of November largely in-line with expectations, said the brokerage. It added that volume growth was the strongest in tractors followed by two-wheelers and PVs.
Nomura on Auto: Auto industry wholesales for the month of November largely in-line with expectations, said the brokerage. It added that volume growth was the strongest in tractors followed by two-wheelers and PVs.
 CLSA on Auto:  Volume recovery in the auto sector continues but lower than the peak in October, CLSA believes. It added that it prefers deep cyclical plays such as Tata Motors and Ashok Leyland.
CLSA on Auto: Volume recovery in the auto sector continues but lower than the peak in October, CLSA believes. It added that it prefers deep cyclical plays such as Tata Motors and Ashok Leyland.
 Morgan Stanley on HPCL:  The brokerage maintains an 'overweight' call on the stock with a target at Rs 246 per share. HPCL’s buyback should raise earnings by 5-7 percent, the brokerage noted.
Morgan Stanley on HPCL: The brokerage maintains an 'overweight' call on the stock with a target at Rs 246 per share. HPCL’s buyback should raise earnings by 5-7 percent, the brokerage noted.
 CLSA on Phoenix Mills:  The brokerage maintains a 'buy' call on the stock and raised the target to Rs 872 per share from Rs 790 earlier. Phoenix Mills building a huge war chest for the next leg of growth, CLSA said. It remains positive on the value potential of deal with GIC.
CLSA on Phoenix Mills: The brokerage maintains a 'buy' call on the stock and raised the target to Rs 872 per share from Rs 790 earlier. Phoenix Mills building a huge war chest for the next leg of growth, CLSA said. It remains positive on the value potential of deal with GIC.
 HSBC on Industrials:  September quarter saw a sharp sequential improvement, said the brokerage and raised earnings estimates and medium-term growth expectations on industrials.
HSBC on Industrials: September quarter saw a sharp sequential improvement, said the brokerage and raised earnings estimates and medium-term growth expectations on industrials.
 HSBC on Indian Economy:  Inflows could remain elevated, requiring the RBI to juggle between objectives, HSBC says, expecting the central bank to keep the repo rate unchanged at 4 percent in Friday’s policy.
HSBC on Indian Economy: Inflows could remain elevated, requiring the RBI to juggle between objectives, HSBC says, expecting the central bank to keep the repo rate unchanged at 4 percent in Friday’s policy.
 CLSA on Telecom:  The brokerage expects an expansion to 590 million smartphone users by FY23 from 403 million in FY20. It added that Bharti Airtel is best placed to play the sector’s rising smartphone penetration.
CLSA on Telecom: The brokerage expects an expansion to 590 million smartphone users by FY23 from 403 million in FY20. It added that Bharti Airtel is best placed to play the sector’s rising smartphone penetration.
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