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Wednesday's top brokerage calls: Motherson Sumi, M&M and more

Updated : 2020-11-11 09:01:33

Among brokerages, Macquarie and Nomura remain bullish on Motherson Sumi after better-than-expected September quarter earnings while CLSA raised the target price for M&M. Here are the top brokerage calls for the day:

 CLSA on Motherson Sumi:  The brokerage maintained an 'outperform' call on the stock and raised the target to Rs 140 per share from Rs 130 earlier. It also increased FY21-23 EPS estimates by 7-21 percent.
CLSA on Motherson Sumi: The brokerage maintained an 'outperform' call on the stock and raised the target to Rs 140 per share from Rs 130 earlier. It also increased FY21-23 EPS estimates by 7-21 percent.
 Macquarie on Motherson Sumi:  The brokerage maintains an 'outperform' call on the stock with a target at Rs 124 per share. It expects the company to benefit from a global auto recovery.
Macquarie on Motherson Sumi: The brokerage maintains an 'outperform' call on the stock with a target at Rs 124 per share. It expects the company to benefit from a global auto recovery.
 Nomura on Motherson Sumi:  The brokerage maintains a 'buy' call on the stock and has raised the target to Rs 162 per share. It said that the Q2 was ahead of estimates and demand recovery will drive growth.
Nomura on Motherson Sumi: The brokerage maintains a 'buy' call on the stock and has raised the target to Rs 162 per share. It said that the Q2 was ahead of estimates and demand recovery will drive growth.
 CLSA on M&M:  The brokerage maintains a 'buy' call on the stock and has raised its target to Rs 790 per share from Rs 730 earlier.
CLSA on M&M: The brokerage maintains a 'buy' call on the stock and has raised its target to Rs 790 per share from Rs 730 earlier.
 CLSA on Hindalco:  The brokerage reiterated a 'buy' call on the stock with a target at Rs 270 per share. Q2 EBITDA beat estimates, Lewisport sale remains in focus, said the brokerage.
CLSA on Hindalco: The brokerage reiterated a 'buy' call on the stock with a target at Rs 270 per share. Q2 EBITDA beat estimates, Lewisport sale remains in focus, said the brokerage.
 CLSA on Financials:  The brokerage sees clear signs of a turnaround of financials and maintains a positive view despite the big run-up. It prefers the top 3 private banks and SBI.
CLSA on Financials: The brokerage sees clear signs of a turnaround of financials and maintains a positive view despite the big run-up. It prefers the top 3 private banks and SBI.
 CLSA on GAIL:  The brokerage maintains a 'buy' call on the stock with a target at Rs 125 per share. It added that the firm's profit was 35 percent above estimates led by higher income.
CLSA on GAIL: The brokerage maintains a 'buy' call on the stock with a target at Rs 125 per share. It added that the firm's profit was 35 percent above estimates led by higher income.
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