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Bajaj Finance, Maruti Suzuki and more: Tuesday's top brokerage calls
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Bajaj Finance, Maruti Suzuki and more: Tuesday's top brokerage calls
Sep 25, 2023 11:14 PM

Bajaj Finance | HSBC has maintained a 'buy' rating on Bajaj Finance with a target of Rs 9,500 per share. It says the company's growth aspirations have increased given the benign conditions and new launches.

Bajaj Finance | Goldman Sachs has maintained a 'sell' rating on Bajaj Finance with a target of Rs 6,716 per share. It says the competitive intensity is set to rise with Jio Financial Services entering the consumer durable space.

Varun Beverages | BoFA Securities has maintained a 'buy' rating on Varun Beverages with a target of Rs 1,030 per share. It saysit expects the company's strong growth and profitability to be sustained depsite volatile macro .

Coforge | Citi has maintained a 'sell' rating on Coforge with a target of Rs 3,890 per share. It says the company expects FY25 to be better than this fiscal as client discussions have picked up.

Gas companies | Citi says India's gas consumption and LNG imports have moved up, led by the power sector. It says it prefers IGL, Mahanagar Gas and GAIL and has maintained a sell rating on Petronet LNG and Gujarat Gas.

Eicher Motors | Jefferies has maintained a 'buy' rating on Eicher Motors with a target of Rs 4,150 per share. It says the rising competitive concerns have weighed on the company in 2023.

Maruti Suzuki | HSBC has maintained a 'buy' rating on Maruti Suzuki with a target of Rs 12,000 per share. It says the automaker's market share has peaked in the short term.

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