Friday's top brokerage calls: Tata Motors, RBL Bank and Coal India

SUMMARY

Brokerage Radar: CLSA has upgraded its rating on Tata Motors shares while JPMorgan believes that the rise in RBL Bank's stock price may remain capped. Here are the top brokerage calls for the day-

By CNBCTV18.comMay 13, 2022 8:26:54 AM IST (Published)

JPMorgan on Tata Motors | The brokerage firm expects the company to continue its deleveraging journey. JP Morgan has maintained its 'overweight' rating on shares of Tata Motors.

CLSA on Tata Motors | Strong demand should lead to volume growth, according to CLSA. The brokerage firm has upgraded its rating on the auto stock to 'underperform' from 'sell'.

JPMorgan on RBL Bank | There is uncertainty around the new CEO appointment, the brokerage firm said. RBL Bank's stock rise may remain capped considering the single-digit return on equity profile, JP Morgan said.

Credit Suisse on Coal India | Volume growth and higher unit realisations should aid the profitability of Coal India, said Credit Suisse. The brokerage firm has maintained its 'outperform' rating on shares of Coal India.