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These are Wednesday's biggest brokerage calls: Maruti Suzuki, M&M Finance and more

Updated : 2020-01-29 08:18:07

The Indian market is likely to open in the green on Wednesday following global markets that rose on the back of strong earnings from giants like Apple Inc. However, broader confidence was capped later by the rising concerns about the economic impact of coronavirus. At 7:15 am, the SGX Nifty was trading 26 points or 0.22 percent higher at 12,094, indicating at a positive start for the Sensex and Nifty50. On a stock-specific note, brokerages are mixed on Maruti Suzuki post Q3 earnings, while Credit Suisse in bullish on M&M Finance. Here are the top brokerage calls for the day:

 Kotak Institutional Equities on Maruti : The brokerage has a 'sell' rating on the stock with a target at Rs 5,800 per share. It added that market share loss in the compact SUV segment remains an area of concern.
Kotak Institutional Equities on Maruti: The brokerage has a 'sell' rating on the stock with a target at Rs 5,800 per share. It added that market share loss in the compact SUV segment remains an area of concern.
 Morgan Stanley on Maruti:  The brokerage remains 'overweight' on the stock with a target at Rs 8,205 per share. Morgan Stanley believes the multiples are sustainable at current levels.
Morgan Stanley on Maruti: The brokerage remains 'overweight' on the stock with a target at Rs 8,205 per share. Morgan Stanley believes the multiples are sustainable at current levels.
 Jefferies on Maruti:  The brokerage has a 'hold' call on the stock and raised its target to Rs 7,500 per share from Rs 7,000 earlier. The brokerage sees a limited upside even assuming double-digit volume growth over FY21-22.
Jefferies on Maruti: The brokerage has a 'hold' call on the stock and raised its target to Rs 7,500 per share from Rs 7,000 earlier. The brokerage sees a limited upside even assuming double-digit volume growth over FY21-22.
 Credit Suisse on M&M Finance:  The brokerage has an 'outperform' rating on the stock with a target at Rs 410 per share, adding that it cut the stock's FY20-22 EPS estimates by 3-4 percent on higher credit costs.
Credit Suisse on M&M Finance: The brokerage has an 'outperform' rating on the stock with a target at Rs 410 per share, adding that it cut the stock's FY20-22 EPS estimates by 3-4 percent on higher credit costs.
 Kotak Institutional Equities on M&M Finance:  The brokerage retains an 'add' rating to the stock and raised the target to Rs 405 per share from Rs 400 earlier.
Kotak Institutional Equities on M&M Finance: The brokerage retains an 'add' rating to the stock and raised the target to Rs 405 per share from Rs 400 earlier.
 Citi on M&M Finance:  The brokerage maintains a 'sell' call on the stock with a target to Rs 310 per share. It added that improvement in the rural economy will be key to outlook.
Citi on M&M Finance: The brokerage maintains a 'sell' call on the stock with a target to Rs 310 per share. It added that improvement in the rural economy will be key to outlook.
 Kotak Institutional Equities on Metals:  As per the brokerage, the escalation of Coronavirus is impacting sentiments towards metal equities. Beyond the near-term scare, it prefers ferrous over base metals.
Kotak Institutional Equities on Metals: As per the brokerage, the escalation of Coronavirus is impacting sentiments towards metal equities. Beyond the near-term scare, it prefers ferrous over base metals.
 Credit Suisse Market Strategy:  The brokerage makes one change to its portfolio of 30 stocks, adding GAIL in place of Bharti Infratel.
Credit Suisse Market Strategy: The brokerage makes one change to its portfolio of 30 stocks, adding GAIL in place of Bharti Infratel.
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