homephotos Newsmarket NewsICICI Lombard, Tata Communications, Polycab: Wednesday's top brokerage calls

ICICI Lombard, Tata Communications, Polycab: Wednesday's top brokerage calls

SUMMARY

CLSA has an 'buy' call on the shares of ICICI Lombard with a target price of Rs 1,550 while CLSA has an 'sell' call on the shares of L&T Technology with a target price of Rs 3,200.

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By Sangam Singh  Oct 19, 2022 8:40:44 AM IST (Published)

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ICICI Lombard | CLSA has a 'buy' call on the shares of ICICI Lombard with a target price of Rs 1,550. The brokerage says that the group's health momentum is strong along with company's profitability.

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Tata Communications | CLSA has an 'outperform' call on the shares of Tata Communications with a target price of Rs 1,433. The brokerage says that the company has lifted profit estimates for FY23 due to tax refunds.

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Polycab | Jefferies has a 'buy' call on the shares of Polycab with a target price of Rs 3,325. The brokerage says that the company's cables and wires topline grew by 12 percent year-on-year(YoY)

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L&T Technology | CLSA has a 'sell' call on the shares of L&T Technology with a target price of Rs 3,200. The brokerage says that the company has margin holding but its deal momentum has weakened.

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