Credit Suisse maintains a 'neutral' rating on Titan, while the brokerage gives 'outperform' rating to L&T. Here are the top brokerage calls for the day:
Credit Suisse on Titan: The brokerage said that the margin across the three divisions is higher than the estimates.
MS on Titan: The brokerage said that the company will continue to invest in growth in all segments given market share opportunity.
Jefferies on ITC: The brokerage said that the exit volumes of the company are close to pre-COVID level, which is a positive sign.
Morgan Stanley on ITC: The brokerage said that the topline growth of the company is well below their expectations in FMCG business.
Jefferies on IndusInd bank: The profit of the company beat estimates with lower credit cost, the brokerage said.
MS on IndusInd bank: The brokerage believes that the balance sheet of the company has improved and earnings should pick up.
Credit Suisse on L&T: The brokerage said that upside of the company could originate from lower interest cost and margin strong execution.
JP Morgan on Maruti: The brokerage said that market share losses are resulting in inadequate price hikes.
MS on Maruti: The brokerage said that P/E in context of depressed earnings is also attractive for the company.
JP Morgan on USL: The brokerage has revised FY22/23E EPS up by 6 to 8 percent, driven largely by revenue upgrades.