Stocks are in News |Jet Airways | Grasim Industries | Maruti Suzuki|
collated a list of recommendations from various global brokerage firms for February 20.
Jet Airways | Brokerage: HSBC | Rating: Reduce | Target price: Rs 190
HSBC cut its target price on Jet Airways to Rs 190 from Rs 200, maintaining the Reduce call.
"Successful restructuring and cost control are key concerns," HSBC said in a research note.
- Grasim Industries | Brokerage: Morgan Stanley | Rating: Equal-weight | Target price: Rs 958
Acquisition of KPR Industries' chlor-alkali business will help Grasim Industries have a 30 percent share in the market in India.
CLSA on Autos
Maruti Suzuki India should be well placed on technology in the coming years, the brokerage said in a research note.
"Any rapid shift for electric vehicles could result in valuation pressures for Indian auto stocks," said CLSA.
Potential collaborations among German luxury OEMs could place pressure on Tata Motors' JLR.
CLSA on Infrastructure
In the infrastructure space, CLSA likes L&T, Sadbhav Engineering, NCC, IRB Infrastructure Developers, J Kumar Infraprojects.
Morgan Stanley on equity strategy
The brokerage said it replaced Asian Paints with United Spirits on its focus list.
Bajaj Auto, Maruti, Mahindra and Mahindra, Eicher Motors and Dabur India are some of the other stocks on Morgan Stanley's focus list.
Morgan Stanley added that it is Overweight on the consumer discretionary sector, and Neutral on consumer staples.
Source - https://www.moneycontrol.com/news/business/markets/brokerage-calls-morgan-stanley-replaces-asian-paints-with-united-spirits-on-its-focus-list-3560801.html
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