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Wednesday's top brokerage calls: HPCL, NMDC and more

Updated : 2020-06-17 09:35:03

Among brokerages, Nomura and Credit Suisse maintained a 'neutral' call on HPCL post March-quarter numbers, while Edelweiss Securities downgraded NMDC and cut its target price. Here are the top brokerage calls for the day:

 Nomura on HPCL:  The brokerage maintained a 'neutral' call on the stock with a target at Rs 185 per share. It said that the company reported weak Q4, and Q1 also looks to be weak with marketing a bigger worry.
Nomura on HPCL: The brokerage maintained a 'neutral' call on the stock with a target at Rs 185 per share. It said that the company reported weak Q4, and Q1 also looks to be weak with marketing a bigger worry.
 Credit Suisse on HPCL:  The brokerage maintained a 'neutral' call on the stock with a target at Rs 180 per share. Pressure on marketing margin still high, need a price hike of another Rs 3.50-4/L, said the brokerage.
Credit Suisse on HPCL: The brokerage maintained a 'neutral' call on the stock with a target at Rs 180 per share. Pressure on marketing margin still high, need a price hike of another Rs 3.50-4/L, said the brokerage.
 IDFC Securities on NMDC:  The brokerage maintained 'outperform' call on the stock but cut its target to Rs 107 per share from Rs 111 earlier. It added that the company reported lower-than-expected EBITDA due to adverse product mix.
IDFC Securities on NMDC: The brokerage maintained 'outperform' call on the stock but cut its target to Rs 107 per share from Rs 111 earlier. It added that the company reported lower-than-expected EBITDA due to adverse product mix.
 Edelweiss Securities on NMDC:  The brokerage downgraded the stock to 'hold' from 'buy' and cut target to Rs 92 from Rs 97 earlier. It expects the margin to dip to 44 percent from 50-53 percent over past 3 years.
Edelweiss Securities on NMDC: The brokerage downgraded the stock to 'hold' from 'buy' and cut target to Rs 92 from Rs 97 earlier. It expects the margin to dip to 44 percent from 50-53 percent over past 3 years.
 Jefferies on Properties:  Residential sales and construction levels are at 25-50 percent of pre-COVID levels, said the brokerage. It expects new launches to start in Q2, led by the mid-income segment.
Jefferies on Properties: Residential sales and construction levels are at 25-50 percent of pre-COVID levels, said the brokerage. It expects new launches to start in Q2, led by the mid-income segment.
 Jefferies on Auto : Auto registrations recovered to 43-65 percent of January-February levels, except for trucks, said the brokerage. Trucks are yet to show any signs of improvement, it added.
Jefferies on Auto: Auto registrations recovered to 43-65 percent of January-February levels, except for trucks, said the brokerage. Trucks are yet to show any signs of improvement, it added.
 Morgan Stanley on Narayana Health:  The brokerage maintained 'overweight' call on the stock with a target at Rs 353. 
Morgan Stanley on Narayana Health: The brokerage maintained 'overweight' call on the stock with a target at Rs 353. 
 Morgan Stanley on OMCs:  It sees further margin expansion with an improvement in demand.
Morgan Stanley on OMCs: It sees further margin expansion with an improvement in demand.
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