1 / 7Nomura on Cummins: The brokerage has a 'reduce' call on the stock but has cut the target to Rs 343 per share from Rs 358 earlier. It also cut FY21/22 EPS estimate by 6 percent/4 percent.
2 / 7Jefferies on Cummins: The brokerage has an 'underperform' call on the stock with a target at Rs 320 per share. It believes further de-rating is on the cards as medium-term RoE is seen dropping below 15-16 percent.
3 / 7CLSA on Pidilite Industries: The brokerage maintained 'outperform' rating on the stock with a target at Rs 1,490 per share. Valuations leave little room for further upside, it added.
4 / 7Credit Suisse on Pidilite: The brokerage maintained 'underperform' call on the stock with a target at Rs 1,100 per share. It expects demand recovery to be slow but assumes normalisation of demand Q3 onwards.
5 / 7Jefferies on HUL: The brokerage has a 'buy' call on the stock with a target at Rs 2,525. Change in mix may impact short-term margin, the brokerage added.
6 / 7CLSA on Embassy REIT: The brokerage initiates coverage with an 'outperform' call with a target at Rs 415 per share. It has a high-quality portfolio and a presence in high growth markets, the brokerage noted.
7 / 7CLSA on IT Services: Revival in deal activity is a positive, said CLSA, adding that pricing risk is still on the horizon. Infosys and HCL Tech are its top stock picks for the space.
