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Monday's top brokerage calls: Bajaj Finance, RBI policy and more

Updated : June 07, 2021 09:14 AM IST

Among brokerages, JPMorgan is 'neutral' on Bajaj Finance while Citi and Morgan Stanley retained a bullish stance on the NBFC. Meanwhile, Nomura and Citi expect RBI to stay on hold for foreseeable future. Let's take a look at the top brokerage calls for the day:

 JPMorgan on Bajaj Finance:  The brokerage maintains a 'neutral' call on the stock with a target at Rs 5,100 per share. It believes the company can make up for lost growth in the second half of FY22.
JPMorgan on Bajaj Finance: The brokerage maintains a 'neutral' call on the stock with a target at Rs 5,100 per share. It believes the company can make up for lost growth in the second half of FY22.
 Citi on Bajaj Finance:  The brokerage maintains a 'buy' call on the stock with a target at Rs 5,800 per share. It said that the company expects slower growth and higher provisions. The lender has taken steps to reduce opex and cost of funds, the brokerage added.
Citi on Bajaj Finance: The brokerage maintains a 'buy' call on the stock with a target at Rs 5,800 per share. It said that the company expects slower growth and higher provisions. The lender has taken steps to reduce opex and cost of funds, the brokerage added.
 Morgan Stanley on Bajaj Finance:  The brokerage is 'overweight' on the stock with a target at Rs 6,000 per share. However, it expects the stock to be weak in the near term.
Morgan Stanley on Bajaj Finance: The brokerage is 'overweight' on the stock with a target at Rs 6,000 per share. However, it expects the stock to be weak in the near term.
 Nomura on RBI Policy:  The brokerage expects RBI to stay on hold for foreseeable future.
Nomura on RBI Policy: The brokerage expects RBI to stay on hold for foreseeable future.
 HSBC on RBI Policy:  HSBC sees gradual monetary policy normalisation by 2021 end. It does not see a repo rate hike by RBI as long as CPI is under 6 percent in foreseeable future.
HSBC on RBI Policy: HSBC sees gradual monetary policy normalisation by 2021 end. It does not see a repo rate hike by RBI as long as CPI is under 6 percent in foreseeable future.
 Deutsche Bank on RBI Policy:  The brokerage believes RBI has done its best and now baton passes on to fiscal authorities. It expects the government to announce more fiscal measures over the next few months.
Deutsche Bank on RBI Policy: The brokerage believes RBI has done its best and now baton passes on to fiscal authorities. It expects the government to announce more fiscal measures over the next few months.
 CLSA on Bharat Forge:  The brokerage maintains a 'buy' call on the stock with a target at Rs 900 per share. It expects underlying revenue recovery to continue in the second half of FY22 and FY23.
CLSA on Bharat Forge: The brokerage maintains a 'buy' call on the stock with a target at Rs 900 per share. It expects underlying revenue recovery to continue in the second half of FY22 and FY23.
 Nomura on Bharat Forge:  The brokerage upgraded the stock to 'buy' and raised its target to Rs 924 per share. It has also raised the FY23 revenue forecast by 10 percent to Rs 7,300 crore.
Nomura on Bharat Forge: The brokerage upgraded the stock to 'buy' and raised its target to Rs 924 per share. It has also raised the FY23 revenue forecast by 10 percent to Rs 7,300 crore.
 Jefferies on Bharat Forge:  The brokerage maintains a 'buy' call on the stock with a target at Rs 925 per share. It sees a big turnaround for the firm over FY22-23 and raised FY22-23 EPS estimates by 27-32 percent.
Jefferies on Bharat Forge: The brokerage maintains a 'buy' call on the stock with a target at Rs 925 per share. It sees a big turnaround for the firm over FY22-23 and raised FY22-23 EPS estimates by 27-32 percent.
 JPMorgan on Steel:  The brokerage does not expect large hikes in domestic steel prices as it believes regional rates are close to the peak. It added that this is positive for companies like Tata Steel and JSW Steel.
JPMorgan on Steel: The brokerage does not expect large hikes in domestic steel prices as it believes regional rates are close to the peak. It added that this is positive for companies like Tata Steel and JSW Steel.
Published : June 07, 2021 09:14 AM IST
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