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Monday's top brokerage calls: Tata Power, Sobha and more

Updated : 2020-07-06 08:32:04

Among brokerages, CLSA and HSBC are bullish on Tata Power while Jefferies said that Q1 sales indicate share gains for Sobha. Here are the top brokerage calls for the day:

 CLSA on Tata Power : The brokerage has a 'buy' call on the stock with a target at Rs 72 per share. It added that the parent's stake hike reinforces confidence and the company will accelerate a $2.5 billion deleveraging plan.
CLSA on Tata Power: The brokerage has a 'buy' call on the stock with a target at Rs 72 per share. It added that the parent's stake hike reinforces confidence and the company will accelerate a $2.5 billion deleveraging plan.
 HSBC on Tata Power:  The brokerage maintained a 'buy' rating on the stock with a target at Rs 66. Debt reduction will be the biggest driver of stock performance, said the brokerage.
HSBC on Tata Power: The brokerage maintained a 'buy' rating on the stock with a target at Rs 66. Debt reduction will be the biggest driver of stock performance, said the brokerage.
 CLSA on Sobha:  The brokerage maintained an 'outperform' rating on the stock with a target at Rs 252 per share. It added that consolidation led to monthly sales reverting to the pre-COVID level with the performance aided by industry consolidation and digital marketing strategy.
CLSA on Sobha: The brokerage maintained an 'outperform' rating on the stock with a target at Rs 252 per share. It added that consolidation led to monthly sales reverting to the pre-COVID level with the performance aided by industry consolidation and digital marketing strategy.
 Jefferies on Sobha:  Q1 sales indicate share gains for Sobha, said the brokerage. It added that pre-sales decline of 39 percent YoY is a good outcome for the lockdown quarter.
Jefferies on Sobha: Q1 sales indicate share gains for Sobha, said the brokerage. It added that pre-sales decline of 39 percent YoY is a good outcome for the lockdown quarter.
 Nomura on Equitas:  The brokerage maintained a 'neutral' rating on the stock with a target at Rs 50. It notes that moratorium trends improved to 50 percent as of June-end from 98 percent in April-end.
Nomura on Equitas: The brokerage maintained a 'neutral' rating on the stock with a target at Rs 50. It notes that moratorium trends improved to 50 percent as of June-end from 98 percent in April-end.
 CLSA on HDFC Bank:  The brokerage maintained a 'buy' call on the stock with a target at Rs 1,250 per share. It said that positive loan growth in Q1 comes as a surprise.
CLSA on HDFC Bank: The brokerage maintained a 'buy' call on the stock with a target at Rs 1,250 per share. It said that positive loan growth in Q1 comes as a surprise.
 CLSA on Sun Pharma and Lupin:  The brokerage prefers Sun Pharma over Lupin on predictable earnings and valuation discounts. It said Sun’s operational outlook is relatively more predictable.
CLSA on Sun Pharma and Lupin: The brokerage prefers Sun Pharma over Lupin on predictable earnings and valuation discounts. It said Sun’s operational outlook is relatively more predictable.
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