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Wednesday's top brokerage calls: Auto and Mahanagar Gas

Wednesday's top brokerage calls: Auto and Mahanagar Gas

Wednesday's top brokerage calls: Auto and Mahanagar Gas
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By CNBCTV18.com Nov 18, 2020 9:01:40 AM IST (Published)

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SUMMARY

Among brokerages, Jefferies said that the tractors continue to lead the recovery with double-digit growth. Meanwhile, Credit Suisse and CLSA are bullish on Mahanagar Gas after its September quarter earnings. Here are the top brokerage calls for the day:

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Jefferies on Auto Sector: As per the brokerage, truck sales, while still low, have started to improve sequentially while tractors continue to lead the recovery with double-digit growth.

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CLSA on Mahanagar Gas: The brokerage maintains a 'buy' call on the stock and has raised its target to Rs 1,310 per share from Rs 1,299 earlier. It also raised EPS for Mahanagar Gas on Q2 and a faster rebound.

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Credit Suisse on Mahanagar Gas: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,175 per share. It said that it is positive on the stock as valuations are reasonable at the current levels.

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