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Tuesday's top brokerage calls: Shriram Transport and Havells

Tuesday's top brokerage calls: Shriram Transport and Havells

Tuesday's top brokerage calls: Shriram Transport and Havells
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By CNBCTV18.com Dec 14, 2021 8:22:31 AM IST (Published)

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SUMMARY

While CLSA sees no meaningful financial impact for Shriram Transport from the recent merger announcement, Goldman Sachs sees limited scope for positive surprises for Havells from here on. Here are today's top brokerage calls:

JP Morgan on Shriram Transport, Shriram Transport, share price, stock market, brokerage calls
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JP Morgan on Shriram Transport | The recent merger results in slight dilution but removes a large overhang, JP Morgan said. However, a technical overhang of private equity investors selling out to remain post-merger, the brokerage added while maintaining its 'overweight' stance on the stock.

Goldman Sachs on Havells, Havells, share price, stock market, brokerage calls
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Goldman Sachs on Havells | The brokerage sees limited scope for positive surprises here on due to a high base in the second half of FY22. Goldman Sachs has raised its EPS estimate by 2 percent for FY22-25.

Jefferies on Shriram Transport, share price, Shriram Transport, stock market, brokerage calls
3 / 4

Jefferies on Shriram Transport | The brokerage has maintained its 'underperform' rating on the company's stock and added that any overhang of stock supply from non-promoters needs to be watched.

CLSA on Shriram Transport, Shriram Transport, share price, stock market, brokerage calls
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CLSA on Shriram Transport | CLSA sees no meaningful financial impact for the company from the merger. Though, the brokerage said that the company's lending business would make the merged company one of the largest retail lenders.

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