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Tata Steel, Zomato, Dabur and more: Monday's top brokerage calls
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Tata Steel, Zomato, Dabur and more: Monday's top brokerage calls
Sep 17, 2023 11:29 PM

Tata Steel | CLSA has maintained an 'outperform' rating on Tata Steel with a target of Rs 145 per share from the previous Rs 125. It says the company has entered into an agreement with the UK government to restructure assets.

Tata Steel | Jefferies has maintained a 'buy' rating on Tata Steel with a target of Rs 145 per share. It says the company's recent announcement of its UK investment is a missed opportunity to reduce exposure to high-cost low-margin geography

Tata Steel | Morgan Stanley has maintained an 'equal-weight' rating on Tata Steel with a target of Rs 119 per share. In the backdrop with the company's recent deal with the UK government, Tata Steel's management has highlighted that the latter will also provide other policy support.

Zomato | jefferies has maintained a 'buy' rating on Zomato with a target of Rs 130 per share. It says high focus is on preserving startup culture, foray into new areas is not ruled out.

SBI Cards | Morgqan Stanley has maintained an 'overweight' rating on SBI Cards with a target of Rs 1,155 per share. It says that spending growth is trending well ahead of the festive season.

Dabur | Morgan Stanley has maintained an 'overweight' rating on Dabur with a target of Rs 600 per share. It says the company is aspiring to drive double-digit domestic revenue growth.

Page Industries | Morgan Stanley has maintained an 'overweight' rating on Page Industries with a target of Rs 44,738. It says the company is relatively better placed on inventory levels compared to its peers because of in-house manufacturing.

Dr Lala Path Labs | UBS has maintained a 'buy' rating on Dr Lal Path Labs with a target of Rs 2,800 per share. It says it believes the company's margin trajectory can reset upward, followed by earnings upgrades.

HDFC Bank | Citi has maintained a 'buy' rating on HDFC Bank with a target of Rs 2,160 per share. It says the lender's core and on balancesheet growth variance may continue in immediate term

HCL Tech | Morgan Stanley has maintained an 'overweight' rating on HCL Tech with a target of Rs 1,200 per share. It says the company is well-positioned to benefit from generative AI over the medium term

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