Monday's top brokerage calls: Lupin, Jubilant Food and more

SUMMARY

Among brokerages, HSBC maintained a 'hold' call on Lupin but raised the target for the stock to Rs 925 per share from Rs 780 earlier. Meanwhile, Jefferies initiated coverage on Jubilant Food with a 'buy' call and target at Rs 2,650 per share. Here are the top brokerage calls for today:

By CNBCTV18.comSept 28, 2020 8:56:55 AM IST (Published)

HSBC on Lupin: The brokerage maintains a 'hold' call on the stock but raised the target for the stock to Rs 925 per share from Rs 780 earlier. It added that the firm may see the short-term benefits of a temporary exit of a competitor for gProAir.

Jefferies on Jubilant Food: The brokerage initiates coverage on the stock with a 'buy' call and target at Rs 2,650 per share. It further notes that the company is a strong recovery play.

HSBC on L&T Finance: The brokerage maintains a 'buy' call on the stock with a target at Rs 76 per share. It added that the firm's rural portfolio is leading the recovery in demand and collections.

Citi on ITC: The brokerage maintains a 'neutral' call on the stock with a target at Rs 195 per share. It added that post the recent correction, the firm offers a 5.5-6 percent dividend yield.

CLSA on NTPC: The brokerage maintains a 'buy' call on NTPC with a target at Rs 140 per share. It added that the firm is set for an ESG rating upgrade.

CLSA on CV Sector: The brokerage notes that activity levels in the commercial vehicles sector are improving. It recommends playing CV cycle via Ashok Leyland and Shriram Transport.