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Friday's top brokerage calls: Avenue Supermarts, ICICI Bank and more

SUMMARY

Among brokerages, Jefferies has initiated coverage on Avenue Supermarts with a 'buy' call while CLSA remains bullish on ICICI Bank and Hero Moto. Here are the top brokerage calls for today:

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By CNBCTV18.com Sept 11, 2020 8:57:35 AM IST (Published)

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Jefferies on Avenue Supermarts: The brokerage initiated coverage on the stock with a 'buy' call and target at Rs 2,600 per share. Avenue Supermarts is in a sweet spot, with an acute focus on customer value, product quality, profitability, it added.

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CLSA on ICICI Bank: The brokerage maintains a 'buy' call on the stock with a target at Rs 500 per share. It expects the lender to get back to an annualised growth rate of 15 percent in its pre-provisioned operating profit from FY22.

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CLSA on Hero Moto: The brokerage maintains a 'buy' call on the stock with a target at Rs 3,315 per share. It added that rural has led the recovery for the firm but urban has also starting to pick up.

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Credit Suisse on Bajaj Finance: The brokerage maintains a 'neutral' call on the stock with a target at Rs 2,900 per share. Bajaj Finance will remain profitable in FY21 despite elevated credit cost, it added.

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Jefferies on Concor: The brokerage maintains a 'buy' call on the stock with a target at Rs 525 per share. The company's FY21 profit may have been impacted due to the land lease issue with Railways but Jefferies sees a 26 percent compound annualized growth rate over FY21-25.

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