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Top brokerage calls for December 30: CLSA bullish on Adani Ports; Morgan Stanley 'overweight' on NTPC

Updated : December 30, 2019 07:51 AM IST

Indian shares are expected to open lower on Monday amid muted trends in global markets and after RBI’s financial stability report projected a fall in government revenue and rise in NPAs in 2020. Among brokerages, CLSA is bullish on Adani Ports, Morgan Stanley 'overweight' on NTPC. Here are the top brokerage calls for Monday:

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CLSA on Adani Ports : The brokerage has a 'buy' call on the Adani Group stock with a target price at Rs 485 per share. The company acquired Snowman Logistics at the bottom of the cycle, CLSA said. It added that Snowman adds 16 percent to Adani Logistics revenues and 14 percent to EBITDA.
CLSA on Adani Ports: The brokerage has a 'buy' call on the Adani Group stock with a target price at Rs 485 per share. The company acquired Snowman Logistics at the bottom of the cycle, CLSA said. It added that Snowman adds 16 percent to Adani Logistics revenues and 14 percent to EBITDA.
Morgan Stanley on NTPC: The brokerage is 'overweight' on the stock with a target price of Rs 152 per share. State Electricity Board overdue stands at Rs 67,300 crore, up 3 percent MoM in October and up 47 percent since March.
Morgan Stanley on NTPC: The brokerage is 'overweight' on the stock with a target price of Rs 152 per share. State Electricity Board overdue stands at Rs 67,300 crore, up 3 percent MoM in October and up 47 percent since March.
Morgan Stanley on ConCor: The brokerage is 'equal-weight' on the stock with a target price of Rs 572 per share. It added that quantum of reduction in freight and the timeline are key variables to monitor.
Morgan Stanley on ConCor: The brokerage is 'equal-weight' on the stock with a target price of Rs 572 per share. It added that quantum of reduction in freight and the timeline are key variables to monitor.
Published : December 30, 2019 07:51 AM IST

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