Friday's top brokerage calls: Coal India, Eicher Motors, Jubilant Foodworks and more

SUMMARY

Among brokerages, CLSA has upgraded Jubilant Foodworks to Outperform while it has cut the target price for Coal India. Nomura retains a 'neutral' rating on the stock with a target price of Rs 2,328 per share. Also, on the macro front, CLSA said that it would be difficult for the RBI to cut rates given the inflation trajectory. Here are the top brokerage calls for today:

By CNBC-TV18Nov 13, 2020 8:27:14 AM IST (Published)

CLSA on Col India | The brokerage maintains a 'buy' rating on Coal India but cuts target price to Rs 140 per share from Rs 155 earlier.

CLSA on Sun TV | CLSA believes that advertisement revenues and earnings growth to return in FY22. The target price is set at Rs 590 per share.

Nomura on Sun TV | The brokerage expects subscription growth to moderate to 6 percent/5 percent over FY22/23. It maintains a 'buy' call with a target price at Rs 583 per share.

Nomura on Eicher Motors | Nomura retains a 'neutral' rating on the stock with a target price of Rs 2,328 per share. It expects the stock to move higher if the company's new models are successful or demand is strong.

CLSA on Jubilant Foodworks | CLSA upgraded Jubilant Food to 'outperform' from 'underperform' and expects the company to benefit from consolidation. It raised the target price to Rs 2,250 per share from Rs 2,245 earlier.

CLSA on Prestige Estates | The brokerage has a 'buy' call on Prestige Estates with a target price at Rs 315 per share.

CLSA on Inflation | CLSA said that it would be difficult for the RBI to cut rates given the inflation trajectory.