These are Friday's biggest brokerage calls: Nestle, BPCL and more

SUMMARY

The Indian market is likely to open in the green on Friday over global markets stabilising as China is set to halve tariff rates on certain US products with effect later during the day. However, increasing coronavirus death toll and cases could put pressure on the market. Among brokerages, Credit suisse maintains 'outperform' call on Nestle but is bearish on BPCL. Here are the top brokerage calls for today:

By CNBC-TV18Feb 14, 2020 8:25:25 AM IST (Published)

Credit Suisse on Nestle: The brokerage maintained an 'outperform' rating on the stock and raised the target to Rs 17,500 from Rs 16,000 earlier. Input cost pressures impacted the gross margins but it is not a long term concern, the brokerage added.

Credit Suisse on BPCL: The brokerage maintains 'underperform' on the stock with a target at Rs 320 per share. Credit Suisse cautious on BPCL due to heavy capex cycle over the next 4 years.

Morgan Stanley on BPCL: The brokerage has an 'overweight' rating on the stock with a target at Rs 571 per share.

Credit Suisse on Page Industries: The brokerage is 'underperform' on the stock with a target at Rs 19,500 per share. Weak trends on volume growth continue to play out, said the brokerage.

CLSA on GSPL: The brokerage maintains a 'buy' call on the stock with target raised to Rs 360 per share from Rs 300 earlier.

Morgan Stanley on Future Retail: The brokerage is 'overweight' on the stock with a target at Rs 540 per share. Focus on cost efficiencies and cashflows a step in the right direction, said the broekrage.

Nomura on GSPL: The brokerage is 'neutral' on the stock with a target at Rs 240 per share. The stock missed Q3 estimates by both lower volume and tariff, it added.

CLSA on IPCA Lab: The brokerage has a 'sell' rating on the stock with a target raised to Rs 1,030 per share from Rs 980 earlier. It added that valuation leaves limited room for a negative surprise.