homephotos Newsmarket NewsTuesday's top brokerage calls: Ashok Leyland, ITC, Zomato and Escorts

Tuesday's top brokerage calls: Ashok Leyland, ITC, Zomato and Escorts

SUMMARY

Goldman Sachs maintains 'buy' on the shares of Zomato with a target price of Rs 100, while Morgan Stanley maintains 'overweight' on the shares of Ashok Leyland with a target price of Rs 156. Here are the top brokerage calls for the day -

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By CNBCTV18.com Aug 2, 2022 8:31:35 AM IST (Published)

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Goldman Sachs on Zomato | Goldman Sachs maintains 'buy' on the shares of Zomato with a target price of Rs 100. Food delivery segment seeing narrowing losses while Blinkit is scaling up at a robust pace says the brokerage house.

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CLSA on ITC | CLSA maintains 'outperform' on the shares of ITC with a target price of Rs 330. The brokerage house notes that that the company is preferred pick, raises FY23-24 earnings by 8 percent to capture recovery.

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CLSA on Escorts | CLSA downgrades to 'sell' on the shares of Escorts with a revised target price of Rs 1,612. The brokerage house notes that the big miss on margin led to negative surprise.

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Morgan Stanley on Ashok Leyland | Morgan Stanley maintains 'overweight' on the shares of Ashok Leyland with a target price of Rs 156. According to the brokerage house, price hikes and softening commodity prices could drive margin expansion for the company.

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