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Wednesday's top brokerage calls: Bajaj Finance, Tata Power and more

Updated : May 20, 2020 10:34 AM IST

Credit Suisse on Bajaj Finance: The brokerage has a 'neutral' call on the stock and cut target to Rs 2,000 per share from Rs 2,800 earlier. It also cut EPS estimates by 24-35 percent.

Morgan Stanley on Bajaj Finance: The brokerage has an 'overweight' rating on the stock with a target at Rs 2,740 per share. It expects the company to earn the highest RoE in its coverage in FY21.

Morgan Stanley on Tata Power: The brokerage is 'overweight' on the stock with a target at Rs 38 per share.

Jefferies on Tata Power: The brokerage has a 'hold' rating with target cut to Rs 35 per share from Rs 36 earlier. It added that results are above expectations due to lower interest costs.

CLSA on Tata Power: The brokerage has a 'buy' call on the stock but cut its target to Rs 72 per share from Rs 85 earlier.

Nomura on M&M: The brokerage maintained a 'buy' call on the stock with target raised to Rs 501 per share from Rs 419 earlier. It expects the company's auto volumes to decline 17 percent YoY in FY21.
Morgan Stanley on L&T Infotech: The brokerage is 'overweight' on the stock with the target at Rs 1,850 per share.
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