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Wednesday's top brokerage calls: HUL, Britannia and more

Updated : 2020-10-21 09:15:53

Among brokerages, Jefferies and CLSA are bullish on HUL while both have cut target price for Britannia. Here are the top brokerage calls for today:

 CLSA on HUL:  The brokerage maintains a 'buy' call on the stock and has raised its target price to Rs 2,600 from Rs 2,525 earlier. It has cut FY21-23 earnings estimates for HUL by 4-5 percent after Q2 earnings but continues to see the FMCG major as a structural play in Indian FMCG.
CLSA on HUL: The brokerage maintains a 'buy' call on the stock and has raised its target price to Rs 2,600 from Rs 2,525 earlier. It has cut FY21-23 earnings estimates for HUL by 4-5 percent after Q2 earnings but continues to see the FMCG major as a structural play in Indian FMCG.
 Jefferies on HUL:  The brokerage has a 'buy' call on the stock with a target at Rs 2,650 per share. It added that pressure on HUL’s gross margin was visible due to mix & input price inflation.
Jefferies on HUL: The brokerage has a 'buy' call on the stock with a target at Rs 2,650 per share. It added that pressure on HUL’s gross margin was visible due to mix & input price inflation.
 Jefferies on Britannia:  The brokerage maintains a 'hold' call on the stock but cut its target price to Rs 3,850 from Rs 3,900 earlier. It also cut FY21-23 EPS estimates by 4-8 percent and expects the stock to remain rangebound.
Jefferies on Britannia: The brokerage maintains a 'hold' call on the stock but cut its target price to Rs 3,850 from Rs 3,900 earlier. It also cut FY21-23 EPS estimates by 4-8 percent and expects the stock to remain rangebound.
 CLSA on Britannia:  The brokerage maintains an 'outperform' call on the stock but cut its target to Rs 4,000 per share from Rs 4,200 earlier. It sees an 11 percent topline and 13 percent earnings CAGR over FY20-23.
CLSA on Britannia: The brokerage maintains an 'outperform' call on the stock but cut its target to Rs 4,000 per share from Rs 4,200 earlier. It sees an 11 percent topline and 13 percent earnings CAGR over FY20-23.
 Jefferies on Kajaria Ceramics:  The brokerage maintains a 'buy' call on the stock and raised the target price for the stock to Rs 650 per share from Rs 550 earlier. It also retained the company as one of its top midcap picks after earnings.
Jefferies on Kajaria Ceramics: The brokerage maintains a 'buy' call on the stock and raised the target price for the stock to Rs 650 per share from Rs 550 earlier. It also retained the company as one of its top midcap picks after earnings.
 Citi on Hind Zinc : The brokerage maintains a 'buy' call on the stock with a target at Rs 240 per share.
Citi on Hind Zinc: The brokerage maintains a 'buy' call on the stock with a target at Rs 240 per share.
 Credit Suisse on Hind Zinc:  The brokerage maintains an 'outperform' rating on the stock with a target at Rs 250 per share. It expects the company to maintain high dividends given the liquidity needs of the parent company.
Credit Suisse on Hind Zinc: The brokerage maintains an 'outperform' rating on the stock with a target at Rs 250 per share. It expects the company to maintain high dividends given the liquidity needs of the parent company.
 CLSA on L&T Tech:  The brokerage maintains an 'underperform' call on the stock but raised its target to Rs 1,750 per share from Rs 1,660 earlier. Rich valuation limits it from turning constructive, it added.
CLSA on L&T Tech: The brokerage maintains an 'underperform' call on the stock but raised its target to Rs 1,750 per share from Rs 1,660 earlier. Rich valuation limits it from turning constructive, it added.
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