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    Wednesday's top brokerage calls: Zomato, Coal India, Motherson Sumi and more

    Wednesday's top brokerage calls: Zomato, Coal India, Motherson Sumi and more

    Wednesday's top brokerage calls: Zomato, Coal India, Motherson Sumi and more
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    By CNBCTV18.com  IST (Published)

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    SUMMARY

    Among brokerages, while Citi has a 'buy' call on JSPL, it recommends a 'sell' on Motherson Sumi Systems. JPMorgan has an 'overweight' rating on Coal India and Jefferies is bullish on Zomato. Here are the top brokerage calls for the day:

    1 / 7

    Jefferies on Zomato: The brokerage has maintained a 'buy' call on the stock with a target price of Rs 175. Zomato beat forecasts in its first earnings review after listing, according to Jefferies. The adjusted EBITDA loss was also on the expected lines, it added.

    2 / 7

    Citi on JSPL: The brokerage has retained a 'buy' rating on the stock with a target price of Rs 640. The completion of JSPL’s divestment should help bring more openness for strategic investors, according to Citi.

    3 / 7

    Citi on Motherson Sumi Systems: The brokerage has a 'sell' call on the stock with a target price of Rs 215. Motherson Sumi’s Q1 EBITDA was slightly ahead of estimates, whereas its PAT beat was amplified by higher other income, according to Citi.

    4 / 7

    Nomura on Lupin: The brokerage has retained a 'buy' rating on the stock with a target price of Rs 1,399. The company posted a weak quarterly performance, as its US business fell materially on a sequential basis, according to Nomura.

    5 / 7

    Macquarie on Siemens: The brokerage has an 'underperform' rating on the stock with a target price of Rs 1,520. Siemens's order inflow is strong but its margin fell sharply, according to Macquarie. The brokerage also said clarity is needed on any exceptional one-time large order in the reported order inflow.

    6 / 7

    JPMorgan on Coal India: The brokerage has maintained an 'overweight' rating on the stock with a target price of Rs 200. E-auction prices can lift the company's earnings with higher power demand, its reducing inventory and higher prices, JPMorgan said.

    7 / 7

    CLSA on Max Financial: The brokerage has maintained a 'buy' call on the stock with a target price of Rs 1,350. CLSA does not see any margin risks on the company’s VNB compound annual growth this financial year, and expects the VNB margin to rise 19 percent over FY21-23.

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