Monday's top brokerage calls: Bank of Baroda, Tata Motors, Telcos and more

SUMMARY

Among brokerages, Nomura downgraded Bank of Baroda to 'reduce; and cut its target price on near-term risks, meanwhile Credit Suisse was 'neutral' on Tata Motors and Nestle. Here are the top brokerage calls for today:

By CNBCTV18.comMar 1, 2021 8:36:37 AM IST (Published)

Nomura on Bank of Baroda: The brokerage downgrades the stock to 'reduce' from 'neutral' and cuts the target to Rs 72 per share from Rs 70 earlier. It sees risks of higher NPL formation over FY22-23.

Credit Suisse on Tata Motors: The brokerage maintains a 'neutral' call on the stock with a target at Rs 304 per share. It added that concerns on near-term trajectory kept it 'neutral' but raised earnings by 9-13 percent over FY22-23.

Credit Suisse on Nestle: The brokerage maintains a 'neutral' call on the stock with a target at Rs 17,800 per share. It remains positive on the medium-term outlook of the stock.

Credit Suisse on Telecom: As per the brokerage, Jio's new 4G feature phone is unlikely to have any material impact on Airtel/Vodafone Idea.

Goldman Sachs on Telecom: Bharti Airtel may offset the negative impact from JioPhone via market share win from Vodafone Idea, said the brokerage. It foresees limited impact on Bharti from the JioPhone launch.