Friday's top brokerage calls: BPCL, Britannia, Kotak Bank and more

SUMMARY

Among today's top brokerage calls, Nomura has initiated Buy on Britannia Industries while Credit Suisse has cut the target price for Kotak Mahindra Bank. Here are the top brokerage calls for the day:

By CNBC-TV18May 15, 2020 9:09:31 AM IST (Updated)

Nomura on Britannia Industries: The brokerage has initiated coverage on Britannia with a Buy rating. It forecasts FY19-22 earnings CAGR of 12.7 percent.

Credit Suisse on Kotak Mahindra Bank: The brokerage has cut FY21/FY22 EPS estimates for Kotak Mahindra Bank by 15 percent/2 percent after Q4FY20 earnings.

JPMorgan on BPCL: The brokerage said that BPCL’s privatization is delayed, not canceled while a large government fiscal package means the OMC’s deal is all-important.

Jefferies on ABB India: The brokerage has maintained a Buy rating on the stock and cut the target price to Rs 1,000 from Rs 1,070 per share earlier.

CLSA on Automobile companies: CLSA said that it prefers two-wheelers and tractor companies due to their higher exposure to the rural market.