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Top brokerage calls for December 17: BofAML upgrades Maruti to 'buy'; Morgan Stanley raises TP for IndusInd Bank

Updated : December 17, 2019 08:21 AM IST

Benchmark indices BSE Sensex and NSE's Nifty50 are expected to open higher on Tuesday, tracking positive sentiment in the global markets on the back of easing US-China trade worries. Among brokerages, BofAML upgraded Maruti Suzuki to 'buy' and Morgan Stanley raised the target price for IndusInd Bank. Here are the top brokerage calls for Tuesday:

 BofAML on Maruti Suzuki:  The brokerage upgraded the stock to 'buy' from 'neutral' and raised its target price to Rs 8,650 from Rs 7,450. The company is best placed for recovery in the PV segment, said the brokerage, adding that it expects earnings cycle to bottom in FY20.
BofAML on Maruti Suzuki: The brokerage upgraded the stock to 'buy' from 'neutral' and raised its target price to Rs 8,650 from Rs 7,450. The company is best placed for recovery in the PV segment, said the brokerage, adding that it expects earnings cycle to bottom in FY20.
 Morgan Stanley on IndusInd Bank:  The brokerage was 'overweight' on the stock and raised its target price to Rs 1,800 from Rs 1,700 earlier. It was overweight on strong capital and focus on granularising assets/deposits.
Morgan Stanley on IndusInd Bank: The brokerage was 'overweight' on the stock and raised its target price to Rs 1,800 from Rs 1,700 earlier. It was overweight on strong capital and focus on granularising assets/deposits.
 Morgan Stanley on Kotak Bank:  The brokerage was 'overweight' on the stock with a target at Rs 1,900 per share. The brokerage said the share price will rise relative to the industry over the next 30 days.
Morgan Stanley on Kotak Bank: The brokerage was 'overweight' on the stock with a target at Rs 1,900 per share. The brokerage said the share price will rise relative to the industry over the next 30 days.
 Morgan Stanley on Tech Mahindra:  The brokerage was 'overweight' on the stock with a target at Rs 850 per share. It expects FY20 revenue growth at 6.7 percent; 8-10 percent in FY21 versus 4.2 percent in FY19.
Morgan Stanley on Tech Mahindra: The brokerage was 'overweight' on the stock with a target at Rs 850 per share. It expects FY20 revenue growth at 6.7 percent; 8-10 percent in FY21 versus 4.2 percent in FY19.
 Nomura on Tech Mahindra:  The brokerage maintained 'neutral' rating on the stock with a target at Rs 775 per share. The company guided for high-single-digit revenue growth in FY21, it added.
Nomura on Tech Mahindra: The brokerage maintained 'neutral' rating on the stock with a target at Rs 775 per share. The company guided for high-single-digit revenue growth in FY21, it added.
 Kotak Institutional Equities on Amara Raja:  The brokerage maintained 'add' rating on the stock and raised its target to Rs 800 from Rs 720 earlier. It expects revenue growth to remain robust over FY19-22.
Kotak Institutional Equities on Amara Raja: The brokerage maintained 'add' rating on the stock and raised its target to Rs 800 from Rs 720 earlier. It expects revenue growth to remain robust over FY19-22.
 Kotak Institutional Equities on Media:  The brokerage expects print ad revenues to decline in the next 3-5 years. There’s a continued shift of ad spends to digital from print, the brokerage added.
Kotak Institutional Equities on Media: The brokerage expects print ad revenues to decline in the next 3-5 years. There’s a continued shift of ad spends to digital from print, the brokerage added.
 Jefferies on Finolex Cables : The brokerage maintained 'hold' rating on the stock with target cut to Rs 400 per share from Rs 450 earlier. It added that persistent losses in new categories are key risks.
Jefferies on Finolex Cables: The brokerage maintained 'hold' rating on the stock with target cut to Rs 400 per share from Rs 450 earlier. It added that persistent losses in new categories are key risks.
Published : December 17, 2019 08:21 AM IST
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