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TVS, SBI Cards, Sun Pharma: Wednesday's top brokerage calls

TVS, SBI Cards, Sun Pharma: Wednesday's top brokerage calls

TVS, SBI Cards, Sun Pharma: Wednesday's top brokerage calls
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By Sangam Singh  Jan 25, 2023 8:41:20 AM IST (Updated)

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SUMMARY

CLSA has an 'sell' call on the shares of TVS with a target price of Rs 971 on its shares while Nomura has an 'buy' call on the shares of SBI Cards with a target price of Rs 1,030 on its shares.

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TVS | CLSA has an 'sell' call on the shares of TVS with a target price of Rs 971 on its shares. The brokerage says that demand outlook looks uncertain in near term.

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SBI Cards | Nomura has an 'buy' call on the shares of SBI Cards with a target price of Rs 1,030 on its shares. The brokerage says that margin decline transitory.

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SBI Cards | CLSA has an 'underperform' call on the shares of SBI Cards with a target price of Rs 750 on its shares. The brokerage says that NIM was at a multi-quarter low despite stable revolver share.

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Sun Pharma | Macquarie has an 'outperform' call on the shares of Sun Pharma with a target price of Rs 1,275 on its shares. The brokerage says that company is following beat Q3 earnings from Taro Pharma

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