Monday’s top brokerage calls: M&M, Jubilant FoodWorks and more

SUMMARY

Among brokerages, Jefferies has maintained an 'Underperform' rating on M&M, while CLSA has a 'Buy' call on Jubilant FoodWorks as it believes that the strategic calls in the last couple of years have the potential to add multiple levers of growth going ahead. Here are the top brokerage calls for today.

By CNBC-TV18Jan 4, 2021 8:57:48 AM IST (Published)

Jefferies on M&M | The brokerage maintains an 'Underperform' rating on M&M with a target price of Rs 460 per share.

CLSA on Jubilant FoodWorks | CLSA believes that the strategic calls in the last couple of years have the potential to add multiple levers of growth going ahead. While we are unable to factor in the new initiatives, the actions offer optionality to an already-promising QSR opportunity, which is likely to aid elevated multiples, it said.

Jefferies on Metals | The brokerage is positive on the metal sector and believes that Indian metal stocks should deliver a strong earnings rebound in FY22.

Jefferies on Equity Strategy | Jefferies believes a supportive global backdrop helps it start 2021 with a bullish view on Nifty. It is overweight on banks, property, materials & industrials.