Friday's top brokerage calls: HCL Tech, Maruti and more

SUMMARY

Among brokerages, CLSA is bullish on HCL Tech as the risk-reward is attractive at current levels. Meanwhile, it maintained a 'sell' call on Maruti Suzuki. Here are the top brokerage calls for today:

By CNBCTV18.comNov 20, 2020 9:01:47 AM IST (Published)

CLSA on HCL Tech: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,000 per share. It said that the company is well-positioned to gain from clients' cloud-centric IT spending and added that the risk-reward is attractive at current levels.

CLSA on Maruti: The brokerage maintains a 'sell' call on the stock with a target at Rs 6,300 per share. It said that the firm has a strong volume outlook till December but cautious thereafter. It also added that the company expects to maintain its market share at 50 percent.

Jefferies on BEL: The brokerage has a 'buy' call on the stock with a target at Rs 130 per share. It added that a margin at 20 percent should be sustainable and the focus remains on the working capital.