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Top brokerage calls for July 22: Morgan Stanley 'overweight' on Dabur, IndiGo; Kotak maintains 'sell' on RIL

Updated : 2019-07-22 08:28:19

Indian shares are likely to open lower on Monday, tracking subdues Asian peers, as investors remained cautious amid the ongoing June-quarter earnings season. On Friday, the BSE Sensex and NSE’s Nifty 50 plunged 1.5 percent amid muted earnings and continued selling by the FPIs. Among brokerages, Jefferies is bullish on HDFC Bank, while Morgan Stanley is 'overweight' on Dabur. Here are the top brokerage calls for Monday:

<strong>Kotak Institutional Equities on RIL</strong>: The brokerage maintained a 'sell' call on the stock with a target at Rs 1,100 per share. Q1 results were marked by accounting adjustments, while operational metrics were subdued, the brokerage said.
Kotak Institutional Equities on RIL: The brokerage maintained a 'sell' call on the stock with a target at Rs 1,100 per share. Q1 results were marked by accounting adjustments, while operational metrics were subdued, the brokerage said.
<strong>Morgan Stanley at HDFC Bank:</strong> The brokerage maintained an 'overweight' call. They added that loan growth moderation was broad-based and have a positive stance on the bank's strong balance sheet.
Morgan Stanley at HDFC Bank: The brokerage maintained an 'overweight' call. They added that loan growth moderation was broad-based and have a positive stance on the bank's strong balance sheet.
<strong>Jefferies on HDFC Bank:</strong> The brokerage gave a 'buy' call on the lender with a target at Rs 2,755 per share. Retail loan growth has slowed down in the last two quarters, while, however, management did not indicate any 'red flags', the brokerage added.
Jefferies on HDFC Bank: The brokerage gave a 'buy' call on the lender with a target at Rs 2,755 per share. Retail loan growth has slowed down in the last two quarters, while, however, management did not indicate any 'red flags', the brokerage added.
<strong>Credit Suisse on Indigo:</strong> The brokerage rated the stock as 'outperform' with a target at Rs 1,900 per share. The company maintained its guidance of 30 percent capacity growth in Q1, with focus on the international, it said.
Credit Suisse on Indigo: The brokerage rated the stock as 'outperform' with a target at Rs 1,900 per share. The company maintained its guidance of 30 percent capacity growth in Q1, with focus on the international, it said.
<strong>Morgan Stanley on IndiGo:</strong> The brokerage was bullish on the stock with a target at Rs 2,132 per share. The company's net profit came in at Rs 1,200 crore versus the brokerage's estimate of Rs 720 crore.
Morgan Stanley on IndiGo: The brokerage was bullish on the stock with a target at Rs 2,132 per share. The company's net profit came in at Rs 1,200 crore versus the brokerage's estimate of Rs 720 crore.
<strong>Morgan Stanley on Dabur:</strong> The brokerage was 'overweight' on the stock with a target at Rs 470 per share. Both domestic and international businesses have performed above expectations, it said, adding that overweight premised on relative value, portfolio mix.
Morgan Stanley on Dabur: The brokerage was 'overweight' on the stock with a target at Rs 470 per share. Both domestic and international businesses have performed above expectations, it said, adding that overweight premised on relative value, portfolio mix.
<strong>HSBC on Dabur:</strong> The brokerage retained a 'buy' call on the stock and raised its target price to Rs 480 per share from Rs 460 earlier. The company maintained a cautious outlook on demand, however, the valuation looks reasonable, it added.
HSBC on Dabur: The brokerage retained a 'buy' call on the stock and raised its target price to Rs 480 per share from Rs 460 earlier. The company maintained a cautious outlook on demand, however, the valuation looks reasonable, it added.
<strong>Kotak Institutional Equities on Dabur:</strong> The brokerage gave a 'reduce' call on the stock with a target at Rs 390 per share. The stock has impressive margin performance and good topline growth, it said.
Kotak Institutional Equities on Dabur: The brokerage gave a 'reduce' call on the stock with a target at Rs 390 per share. The stock has impressive margin performance and good topline growth, it said.
<strong>Citi on RBL Bank:</strong> The brokerage maintained 'neutral' call on the stock but slashes target price to Rs 550 per share from Rs 725 earlier. It also cut earnings estimates by 17 percent and 21 percent for FY20 and FY21, respectively.
Citi on RBL Bank: The brokerage maintained 'neutral' call on the stock but slashes target price to Rs 550 per share from Rs 725 earlier. It also cut earnings estimates by 17 percent and 21 percent for FY20 and FY21, respectively.
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