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Maruti Suzuki, Nestle and more: Wednesday's top brokerage calls
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Maruti Suzuki, Nestle and more: Wednesday's top brokerage calls
Sep 26, 2023 11:46 PM

Tata Communications |

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NSE

CLSA has maintained an 'outperform' rating on Tata Communications with a target of Rs 2,045 per share. It says the company is a compelling enterprise data business play, but the stock is up 60 percent in 12 months.

AB Capital | Jefferies has initiated a 'buy' rating on AB Capital with a target of Rs 215 per share. It says it believes the company is poised to double its profit in three years, capitalising on a wider network

Godrej Consumer Products | Goldman Sachs has maintained a 'buy' rating on Godrej Consumers with a target of Rs 1,200 per share. It says the company's turnaround story is intact, and it remains the top pick.

Indian IT | Morgan Stanley says it has a strong outlook on the Indian IT companies' revenue growth for next fiscal. it says it prefers Cyient in midcaps.

SBI Card | Morgan Stanley has maintained an 'overweight' rating on SBI Card with a target of Rs 1,115 per share. It says the company grew faster on both, year-on-year and month-on-month basis.

Credit Cards | HSBC says the total merchant spending reached Rs 6 lakh crore in August 2023. It added that HDFC Bank and Axis Bank lose market share.

Maruti Suzuki | Dam Capital has maintained a 'buy' rating on Maruti Suzuki with a target of Rs 12,400 per share. It says it expects an improved product mix to increase the EBITDA margin in the second half of this fiscal and the next financial year.

Nestle | UBS has downgraded its rating on 'Nestle' with a target of Rs 24,500 per share. It says it remains optimistic about the company's long-term revenue and volume growth.

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