homephotos Newsmarket NewsTata Motors, Hero Motocorp, SBI, ICICI Bank: Thursday's top brokerage calls

Tata Motors, Hero Motocorp, SBI, ICICI Bank: Thursday's top brokerage calls

SUMMARY

Jefferies has a 'buy' stance on Tata Motors with a target price of Rs 540 while Morgan Stanley has an 'underweight' call on Hero Motocorp with a target price of Rs 1,937.

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By Sangam Singh  Sept 29, 2022 8:34:48 AM IST (Published)

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Hero Motocorp | Morgan Stanley has an 'underweight' stance on Hero Motocorp with a target price of Rs 1,937 on its shares. The brokerage firm has reasoned limited margin upside along with market share pressure for its call.

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Tata Motors | Jefferies has a 'buy' stance on Tata Motors with a target price of Rs 540 on its shares. The brokerage believes the automaker has the potential to gain market as EV adoption rises in India.

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Godrej Consumer Products | Jefferies has a 'buy' stance on Godrej Consumer Products with a target price of Rs 1,040 on its shares. The brokerage said that the company's performance has improved along with expanding its distribution.

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Banks | CLSA has a 'buy' call on shares of SBI, Axis Bank and ICICI Bank with a target price of Rs 680, Rs 1,050 and 1,010 respectively. The brokerage firm says that the outlook of banks looks favourable with improved loan growth and margin.

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