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Tuesday's top brokerage calls: L&T, Ashok Leyland, Glenmark and VA Tech

Tuesday's top brokerage calls: L&T, Ashok Leyland, Glenmark and VA Tech

Tuesday's top brokerage calls: L&T, Ashok Leyland, Glenmark and VA Tech
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By CNBCTV18.com Nov 16, 2021 8:27:18 AM IST (Published)

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SUMMARY

Credit Suisse said that upside for L&T could originate from lower interest cost, cash flows and margin, while Nomura sees further price hikes for Ashok Leyland. Here are the top brokerage calls for the day:

Morgan Stanley on Glenmark, Glenmark, Glenmark share price, stock market, brokerage calls
1 / 4

Morgan Stanley on Glenmark | Cash conversion and specialty monetisation are the key value drivers for Glenmark, according to Morgan Stanley. The brokerage has maintained its 'underweight' rating on the stock.

Nomura on VA Tech, VA Tech, VA Tech share price, stock market, brokerage calls
2 / 4

Nomura on VA Tech | Robust ordering in the first half and growing ESG-related water capital expenditure will benefit the company in the long run, Nomura believes. The brokerage has retained its 'buy' rating on the stock.

Credit Suisse on Larsen & Toubro, Larsen & Toubro, L&T, L&T share price, brokerage calls, stock market
3 / 4

Credit Suisse on Larsen & Toubro | Upside for L&T could originate from lower interest cost, cash flows and margin, Credit Suisse said. The brokerage has maintained its 'outperform' rating on the scrip.

Nomura on Ashok Leyland, Ashok Leyland, Ashok Leyland share price, stock market, brokerage calls
4 / 4

Nomura on Ashok Leyland | The brokerage sees further price hikes and expects operating leverage to drive the company's margin. Nomura has maintained its 'buy' rating on the stock.

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