Tuesday's top brokerage calls: Mahindra & Mahindra and Bajaj Auto
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 -
By CNBCTV18.com Jun 28, 2022 7:59:09 AM IST (Published)
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.
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.
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.
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.
