Wednesday’s top brokerage calls: Axis Bank, Maruti Suzuki and more

Credit Suisse on Axis Bank |  The brokerage maintains Outperform rating and raised the target price to Rs 880 per share from Rs 770 earlier. It expects RoEs to improve to over 14 percent.

CLSA on Axis Bank | CLSA maintains a Buy call on Axis Bank and raised the target price to Rs 1,025 per share from Rs 1,000 earlier and said that the bank remained one of its top picks.

JPMorgan on Axis Bank | JPMorgan maintains a Neutral stance on the stock with a target price of Rs 750 per share.

Goldman Sachs on Axis Bank | The brokerage said that Axis Bank lags behind other larger banks in terms of profitability. It expects RoA/RoE to rise to 1.5%/15% over FY22-23.

Kotak Institutional Equities on Axis Bank | The brokerage maintains a Buy call on Axis Bank and raised the target price to Rs 810 per share from Rs 775 earlier.

Jefferies on Maruti Suzuki | Jefferies maintains a Buy call on Maruti Suzuki and cut the target price to Rs 8,250 per share from Rs 100,00 earlier.

CLSA on Maruti Suzuki | CLSA has upgraded the stock to Sell from Underperform. It said that the stock price is starting to reflect the risks of its weak model cycle.

Kotak Institutional Equities on Maruti Suzuki | The brokerage has a Sell call on Maruti with a target price of Rs 5,600 per share.

CLSA on HDFC AMC | CLSA maintains an Outperform call on HDFC AMC and expects 13 percent earnings growth during FY21-24.

CLSA on TVS Motors | CLSA raised the target price to Rs 665 per share and also increased FY22-23 EPS estimates by 13-15 percent.

Jefferies on Britannia Industries | Jefferies maintained a Hold call on Britannia and cut the target price to Rs 3,800 per share from Rs 4,000 earlier.

Morgan Stanley on Bajaj Finance | The brokerage has an Overweight call on Bajaj Finance with a target of Rs 6,000 per share.