homephotos Newsmarket NewsThese are Friday's biggest brokerage calls: Tata Motors, Kotak Mahindra Bank and more

These are Friday's biggest brokerage calls: Tata Motors, Kotak Mahindra Bank and more

SUMMARY

The Indian market is likely to open in the green on Friday following Asian markets that are attempting to rally after a gut-wrenching week. However, factors like increasing worries over coronavirus after WHO declared it a global emergency, as well as investors trading cautiously ahead of the Union Budget due on Saturday, may weigh on the market. Among brokerages, Morgan Stanley is 'equal-weight' on Tata Motors post its Q3 earnings, while Nomura and UBS are 'neutral' on Kotak Bank. Here are the top brokerage calls of the day:

By CNBC-TV18 Jan 31, 2020 8:27:47 AM IST (Published)


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Morgan Stanley on Tata Motors: The brokerage has an 'equal-weight' rating on the stock with a target at Rs 155 per share. Morgan Stanley added that it is awaiting concrete signs of a pick-up in demand in key end markets.

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Nomura on Kotak Bank: The brokerage maintains a 'neutral' call on the stock with a target at Rs 1,600 per share. Issue of promoters' shareholding being settled is near-term positive for the stock, it added.

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