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    These are Tuesday's biggest brokerage calls: Eicher Motors, Shriram Transport and more

    These are Tuesday's biggest brokerage calls: Eicher Motors, Shriram Transport and more

    These are Tuesday's biggest brokerage calls: Eicher Motors, Shriram Transport and more
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    By CNBC-TV18  IST (Published)

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    SUMMARY

    The Indian market is likely to open in the green on Tuesday as sentiment recovered from the disappointments of the Union Budget 2020 ahead of the RBI policy announcement. Among stocks, Citi downgraded Eicher Motor to 'neutral', while Nomura raised the target price for Shriram Transport. Here are the top brokerage calls for Tuesday:

    Citi on Eicher Motors:
    1 / 10

    Citi on Eicher Motors: The brokerage downgraded the stocks to 'neutral' from 'buy' and cut its target price to Rs 21,800 from Rs 25,600 earlier. It does not expect a sharp pick up in volumes over the near term.

    Nomura on Shriram Transport:
    2 / 10

    Nomura on Shriram Transport: The brokerage retains 'buy' call on the stock but raised target to Rs 1,400 per share from Rs 1,350 earlier.

    UBS on Shriram Transport:
    3 / 10

    UBS on Shriram Transport: The brokerage maintains 'buy' call on the stock with a target at Rs 1,650 per share. A sharp decline in credit costs driving large EPS estimates, it said.

    Morgan Stanley on Shriram Transport:
    4 / 10

    Morgan Stanley on Shriram Transport: The brokerage has an 'overweight' rating on the stock with a target at Rs 1,365 per share.

    Citi on Dr Lal:
    5 / 10

    Citi on Dr Lal: The brokerage has a 'buy' call on the stock with a target at Rs 1,700 per share. As per the brokerage, the company stands to benefit from industry growth as well as market share shift.

    Citi on PowerGrid:
    6 / 10

    Citi on PowerGrid: The brokerage maintains 'buy' call on the stock with a target at Rs 235 per share. It added that valuations are attractive at current levels.

    Citi on Coal India:
    7 / 10

    Citi on Coal India: The brokerage has a 'buy' rating on the stock with a target at Rs 270 per share. It appears the worst is behind as far as volumes are concerned, noted the brokerage.

    CLSA on Dr Lal:
    8 / 10

    CLSA on Dr Lal: The brokerage has a 'buy' call on the stock and raised the target to Rs 2,100 per share from Rs 1,800 earlier. It added that the company is well placed to achieve 16-17 percent volume growth in new markets.

    Citi on Ashok Leyland:
    9 / 10

    Citi on Ashok Leyland: The brokerage has a 'sell' call on the stock with a target at Rs 55 per share. It also cut FY20 volume estimates by 5-8 percent recently.

    Kotak on Castrol:
    10 / 10

    Kotak on Castrol: The brokerage upgraded the stock to 'buy' from 'sell' and raised its target to Rs 180 from Rs 130 earlier. Q4 results beat expectations driven by a record-high margin and steady volumes.

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