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Hero MotoCorp, IndusInd Bank, Samvardhana Motherson and more: Wednesday's top brokerage calls
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Hero MotoCorp, IndusInd Bank, Samvardhana Motherson and more: Wednesday's top brokerage calls
Jul 4, 2023 11:53 PM

Samvardhana Motherson | CLSA has maintained a 'buy' rating on Samvardhana Motherson with a target of Rs 102 per share. It says the company's acquisition of Yachiyo's four-wheeler business will help it grow its business with Honda Motor.

Hero MotoCorp | Jefferies has maintained a 'buy' rating on Hero MotoCorp with a target of Rs 3,500 per share. It says Hero and Harley Davidson launched a premium motorcycle at an attractive price.

Hero MotoCorp | CLSA has maintained a 'sell' rating on Hero MotoCorp with a target of Rs 2,708 per share. It says the new X440 should help the company reach 9 percent share in the 250cc+ motorcycle segment in FY25.

Bandhan Bank | Nomura has maintained a 'buy' rating on Bandhan Bank with a target of Rs 325 per share. It says its collection efficiency remained largely stable at 98 percent quarter-on-quarter.

Bandhan Bank | Jefferies has maintained a 'buy' rating on Bandhan Bank with a target of Rs 340 per share. It says as its CFO has resigned to pursue another opportunity, a smooth succession is key.

IndusInd Bank | Morgan Stanley has maintained an 'overweight' rating on IndusInd Bank with a target of Rs 1,725 per share. It says the retail deposits growth improved to 5.4 percent quarter-on-quarter compared to 3.7 percent last quarter.

RBL Bank | Morgan Stanley has maintained an 'underweight' rating on RBL Bank with a target of Rs 180 per share. It says its gross loan growth moderated to 4.1 percent quarter-on-quarter compared to 5.1 percent for the same period in the fourth quarter of FY23.

Samvardhana Moterhson | Nomura has upgraded its rating on Samvardhana Motherson to 'buy' with a target of Rs 105 per share. It says it believes the acquisition of Yachiyo's four-wheeler business is a good acquisition.

Samvardhana Motherson | Citi has maintained a 'sell' rating on Samvardhana Motherson with a target of Rs 65 per share. It says that while its Yachiyo acquisition helps in the top-line expansion, the impact on returns is uncertain.

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