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    Tuesday's top brokerage calls: Mahindra & Mahindra and Bajaj Auto

    Tuesday's top brokerage calls: Mahindra & Mahindra and Bajaj Auto

    Tuesday's top brokerage calls: Mahindra & Mahindra and Bajaj Auto
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    By CNBCTV18.com  IST (Published)

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    SUMMARY

    Nomura maintains a 'buy' on the shares of M&M with a target price of Rs 1,308, while, UBS maintains a 'neutral' rating for Bajaj Auto shares with a target price of Rs 3,800. Here are the top brokerage calls for the day -

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    Nomura on Mahindra & Mahindra | Nomura maintains a 'buy' on the shares of M&M with a target price of Rs 1,308. The new Scorpio-N is another potential winner, according to the brokerage house.

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    Morgan Stanley on Mahindra & Mahindra | Morgan Stanley maintains an 'overweight' rating on the shares of M&M, with a target price of Rs 1,198. The brokerage house believes that private vehicles will continue to lead recovery in the auto sector.

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    CLSA on Mahindra & Mahindra | CLSA maintains a 'buy' on the shares of M&M with a target price of Rs 1,356. The brokerage house says that the Scorpio-N will boost its SUV line-up.

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    UBS on Bajaj Auto | UBS maintains a 'neutral' rating for Bajaj Auto shares with a target price of Rs 3,800. The brokerage house says that the reduction in paid-up share capital will be 2.2 percent assuming maximum buyback.

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