Monday's top brokerage calls: UPL, Vedanta and more

SUMMARY

CLSA has maintained 'buy' rating on UPL's stock while the brokerage expects that Q2 in-line but higher costs are likely to be offset by higher metal prices in case of Vedanta. Here are the top brokerage calls for the day:

By CNBCTV18.comNov 1, 2021 8:20:14 AM IST (Published)

CLSA on UPL | CLSA has increased its FY23-24 EPS estimates by 3 percent given an improved product mixed. The brokerage has maintained a 'buy' rating on shares of UPL.

CLSA on Vedanta | Q2 in-line but higher costs are likely to be offset by higher metal prices, CLSA said. The brokerage has maintained an 'outperform' rating on shares of Vedanta.

JP Morgan on Shriram Transport | The company's NIMs improved 6 bps quarter-on-quarter and additional improvement can be expected ahead, the brokerage said. The brokerage has maintained an 'overweight' rating on shares of Shriram Transport.

Kotak Institutional on Shriram Transport | The brokerage expects the business momentum of the company to remain strong. The brokerage has maintained a 'buy' rating on shares of Shriram Transport.

Nomura on Shriram Transport | The brokerage expects AUM of the company to grow 11 percent CAGR over FY21-24. The brokerage has maintained an 'overweight' rating on shares of Shriram Transport.

CLSA on Shriram Transport | News about a merger is a key thing to watch out for, the brokerage said. The brokerage has maintained an 'outperform' rating on shares of Shriram Transport.