Thursday's top brokerage calls: Kotak Bank, Maruti and more

SUMMARY

Among today's top brokerage calls, CLSA has retained a bullish stance on Kotak Bank post March quarter results, while CLSA and Jefferies have mixed views on Maruti. Here are the top brokerage calls for the day:

By CNBCTV18.comMay 14, 2020 8:57:06 AM IST (Published)

CLSA on Kotak Bank: The brokerage has a 'buy' call on the stock with target raised to Rs 1,450 per share from Rs 1,425 earlier. It added that the bank's asset quality improved due to moratorium as slippages declined.

CLSA on Maruti: The brokerage maintained a 'sell' rating on the stock with a target at Rs 4,235. It added that Q4 results were broadly in line with estimates but remained cautious on demand.

Jefferies on Maruti: The brokerage has a 'buy' call on the stock with a target at Rs 6,000 per share. It expects a weak FY21, but a strong EPS rebound in FY22-23 for Maruti.

CLSA on Bharti Airtel: The brokerage reiterated a 'buy' rating on the stock with the target raised to Rs 670 per share from Rs 590 earlier. It added that Africa's growth was led by data revenue, which jumped 35 percent YoY.

HSBC on Bajaj Finance: The brokerage has a 'buy' rating on the stock with the target at Rs 3.700 per share. COVID-19 may drive a marked change in spending patterns and see ‘in-house’ spending being favoured vs ‘out-of-home’ spending, it said.

Jefferies on Godrej Consumer: Near-term outlook on Godrej Consumer's Indonesia business seems positive while Africa is challenging, Jefferies said after the company announced its Q4 earnings. It maintained a 'hold' rating with a target at Rs 550 per share.