Thursday's top brokerage calls: Eicher Motors, Hindalco and more

SUMMARY

Among brokerages, CLSA has a 'sell' call on Eicher Motors and UBS is 'neutral' on the stock post its December quarter earnings, meanwhile, CLSA and JPMorgan are bullish on Hindalco post results. Here are the top brokerage calls for today:

By CNBCTV18.comFeb 11, 2021 8:49:00 AM IST (Published)

CLSA on Eicher Motors: The brokerage maintains a 'sell' call on the stock with a target at Rs 2,450 per share. It increased the FY21-23 EPS forecast for the firm by 2-3 percent after the auto major announced Q3 results yesterday.

UBS on Eicher Motors: The brokerage has a 'neutral' call on the stock with a target at Rs 2,900 per share. The firm doesn’t expect a price hike to fully offset rising commodity pressures in Q4, UBS said adding that the company’s valuations are rich at current levels.

JPMorgan on Hindalco: The brokerage maintains an 'overweight' call on the stock with a target at Rs 335 per share. Strong earnings for the firm were driven by Novelis and aluminum vertical, JPMorgan said and increased EPS estimates by 2-18 percent over FY21-23.

CLSA on Hindalco: The brokerage has a 'buy' call on the stock with a target at Rs 330 per share. Hindalco’s deleveraging is on track and the Q3 results were largely in-line with expectations, it noted.

Morgan Stanley on Tata Steel: The brokerage is 'overweight' on the stock with a target at Rs 880 per share. The company's Q4 profitability should be better than Q3 for both India & Europe, said the brokerage.

Morgan Stanley on Titan: The brokerage is 'equal-weight' on the stock with a target at Rs 1,358 per share. Titan reported in-line results, with positive surprise on eyewear and watches, noted the brokerage.

Morgan Stanley on GAIL: The brokerage is 'overweight' on the stock with a target at Rs 165 per share. It added that robust chemicals margin, focus on clean fuels and higher oil prices are major triggers for the firm.

Credit Suisse on Page Industries: The brokerage is 'neutral' on the stock with a target at Rs 28,800 per share. It was a strong quarter for the firm, however, men's innerwear recovery still lagging, CS said, adding that the company’s margin will likely moderate to the historic level of 22 percent.