homephotos Newsmarket NewsThursday's top brokerage calls: Coal India, Zydus Life, Power Grid and Hindalco

Thursday's top brokerage calls: Coal India, Zydus Life, Power Grid and Hindalco

Thursday's top brokerage calls: Coal India, Zydus Life, Power Grid and Hindalco
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By CNBCTV18.com Aug 11, 2022 8:32:28 AM IST (Published)

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SUMMARY

CLSA maintains 'buy' on the shares of Coal India with a target price of Rs 250 while Jefferies maintain 'hold' on the shares of Hindalco with a target price of Rs 380. Here are the top brokerage calls for the day -

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CLSA on Coal India | CLSA maintains 'buy' on the shares of Coal India with a target price of Rs 250. Returns from diversification in new businesses will be keenly watched, says CLSA.

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CLSA on Zydus Life | CLSA maintains a 'buy' on the shares of Zydus Life with a target price of Rs 490. Steady India business, revival in US and R&D initiatives make long-term story promises, the brokerage house says.

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CLSA on Power Grid | CLSA maintains an 'outperform' on the shares of Power Grid with a target price of Rs 250. One-notch ESC rating upgrade is the key stock catalyst in 2022.

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Jefferies on Hindalco | Jefferies maintains 'hold' on the shares of Hindalco with a target price of Rs 380. The brokerage house expects further contraction in India Aluminium EBITDA/t and raise FY23-24 EPS estimate by 9-13 percent.

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