• SENSEX
    NIFTY 50
Market

Top brokerage calls for June 11: HSBC bullish on Hindalco and Nalco; CLSA retains 'buy' call on Zee Entertainment

Updated : 2019-06-11 08:40:22

Indian shares are likely to open little changed on Tuesday, tracking muted trades in global markets. Asian shares traded marginally higher as investors turned hopeful of further progress on US-China trade talks after Donald Trump inked a trade deal with Mexico. On Monday, the benchmark indices ended higher led by IT, FMCG stocks. Among brokerages, HSBC is bullish on Hindalco and Nalco and has a 'hold' rating' on Hindustan Zinc. Morgan Stanley is positive on HDFC, M&M Financial Services, and Shriram Transport Finance. CLSA has a 'buy' call on Zee Entertainment and J&K Bank. Here are the other top brokerage calls for Tuesday:

<strong>Nomura on MF Data:</strong> Mutual Fund flows remained weak in May with pure equity flows at Rs 4,000 crore, the brokerage said. SBI MF and HDFC MF gained market share across all segments while Reliance MF lost market share in debt, it added.
Nomura on MF Data: Mutual Fund flows remained weak in May with pure equity flows at Rs 4,000 crore, the brokerage said. SBI MF and HDFC MF gained market share across all segments while Reliance MF lost market share in debt, it added.
<strong>HSBC on Non-Ferrour stocks</strong>: The brokerage is bullish on Hindalco and Nalco, with target price slashed to Rs 270 per share for Hindalco. Meanwhile, it has a 'hold' rating on Hindustan Zinc and Vedanta with target cut for both these stocks.
HSBC on Non-Ferrour stocks: The brokerage is bullish on Hindalco and Nalco, with target price slashed to Rs 270 per share for Hindalco. Meanwhile, it has a 'hold' rating on Hindustan Zinc and Vedanta with target cut for both these stocks.
<strong>CLSA on J&K Bank:</strong> The brokerage has a 'buy' call on the stock with a target price at Rs 68 per share. Change in CMD raises the risk of uncertainty, however, management clarified that move to change CMD will not impact business, the brokerage added.
CLSA on J&K Bank: The brokerage has a 'buy' call on the stock with a target price at Rs 68 per share. Change in CMD raises the risk of uncertainty, however, management clarified that move to change CMD will not impact business, the brokerage added.
<strong>CLSA on Zee Entertainment</strong>: The brokerage retained 'buy' call with a target at Rs 535 per share. Strategic stake sale key catalyst for the stock, it added.
CLSA on Zee Entertainment: The brokerage retained 'buy' call with a target at Rs 535 per share. Strategic stake sale key catalyst for the stock, it added.
<strong>Credit Suisse on Steel</strong>: Chinese steel exports fell 17 percent YoY in May. The brokerage maintains 'outperform' rating on Tata Steel, JSW, and JSPL.
Credit Suisse on Steel: Chinese steel exports fell 17 percent YoY in May. The brokerage maintains 'outperform' rating on Tata Steel, JSW, and JSPL.
<strong>Jefferies on Voltas</strong>: The brokerage has a 'buy' call on the stock with a target at Rs 700 per share. Industry pricing discipline should help margin improve sequentially, it added.
Jefferies on Voltas: The brokerage has a 'buy' call on the stock with a target at Rs 700 per share. Industry pricing discipline should help margin improve sequentially, it added.
Live TV

Ask Our Experts CNBC TV18