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Tuesday's top brokerage calls: Biocon and autos

Tuesday's top brokerage calls: Biocon and autos

Tuesday's top brokerage calls: Biocon and autos
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By CNBCTV18.com Dec 29, 2020 8:31:53 AM IST (Published)

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SUMMARY

Among brokerages, Morgan Stanley maintains an 'equal-weight' call on Biocon with a target at Rs 430 per share while Nomura believes auto exporters will be the key beneficiaries of the PLI scheme. Here are the top brokerage calls for today:

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Morgan Stanley on Biocon: The brokerage maintains an 'equal-weight' call on the stock with a target at Rs 430 per share. The brokerage noted that USFDA has issued a deferred action on the biologics application for bAvastin. However, the inspection has been put on hold due to COVID-19 restrictions.

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Nomura on Autos: As per the brokerage, exporters will be the key beneficiaries of the PLI scheme. Companies that meet eligibility requirements are Bajaj Auto, TVS Motor, Ashok Leyland, Balkrishna Ind, Bharat Forge, Sundaram Clayton, Wabco, Ramky Forging, it added.

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