homephotos Newsmarket Newsstocks NewsFriday's top brokerage calls: Maruti Suzuki, L&T Finance, Godrej Consumer and more

Friday's top brokerage calls: Maruti Suzuki, L&T Finance, Godrej Consumer and more

SUMMARY

Among brokerages, CLSA has maintained a 'Sell' call on Maruti Suzuki while it has upgraded Torrent Pharma to a 'Buy' from 'Outperform' call with a TP of Rs 2,920 per share. Here are the top brokerage calls for the day:

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By CNBCTV18.COMJul 17, 2020 9:07:34 AM IST (Updated)

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CLSA on Maruti Suzuki: CLSA has maintained its 'Sell' call on Maruti Suzuki and said that the call is premised on expectations of the weakening of its model cycle.

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CLSA on Godrej Consumer: The brokerage has maintained an 'Outperform' rating on Godrej Consumer with a target price of Rs 715 per share. CLSA expects sales and earnings CAGR at 8 percent and 13 percent in FY20-23.

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CLSA on Oberoi Realty: The brokerage believes that the company is focussed on growth despite weak Q1FY21 and said that it is well-positioned due to its strong balance sheet.

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CLSA on Pharma: CLSA said that India's pharma market has turned positive and normalization of buying has helped chronic therapy growth remain robust. CLSA upgraded Torrent Pharma to a 'Buy' from 'Outperform' call with a TP of Rs 2,920 per share.

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CLSA on Oil & Gas: The brokerage says GAIL, GSPL, Petronet & Gujarat Gas may show faster volume rebounds while retail volumes of IGL and MGL may take longer to normalise.

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Credit Suisse on L&T Finance Holdings: The brokerage has maintained 'Underperform' call on the stock with a target of Rs 50 per share.

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