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Axis Bank, Polycab, CONCOR: Tuesday's top brokerage calls

Axis Bank, Polycab, CONCOR: Tuesday's top brokerage calls

Axis Bank, Polycab, CONCOR: Tuesday's top brokerage calls
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By Sangam Singh  Jan 24, 2023 8:24:02 AM IST (Updated)

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SUMMARY

Morgan Stanley has an 'overweight' call on the shares of Axis Bank with a target price of Rs 1,200 on its shares while CLSA has an 'buy' call on the shares of Axis Bank with a target price of Rs 1,250 on its shares.

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Axis Bank | Morgan Stanley has an 'overweight' call on the shares of Axis Bank with a target price of Rs 1,200 on its shares. The brokerage says that retail deposit and LCR is in-line with HDFC Bank as well as ICICI Bank.

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Axis Bank | CLSA has an 'buy' call on the shares of Axis Bank with a target price of Rs 1,250 on its shares. The brokerage says that retail reposit mobilisation of the bank remains key deliverable.

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Polycab | Morgan Stanley has an 'equal-weight' call on the shares of Polycab with a target price of Rs 2,947 on its shares. The brokerage says that FMEG business continues to exhibit strong competitive intensity.

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CONCOR | Nomura has an 'buy' call on the shares of CONCOR with a target price of Rs 895 on its shares. The brokerage says that it is awaiting commentary from management on weak domestic profitability and market share loss.

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