Thursday's top brokerage calls: Tata Motors, Jubilant FoodWorks and Havells India

SUMMARY

Jefferies has downgraded the rating on the shares of Jubilant FoodWorks to 'hold' while raising its target price on Tata Motors' stock. Here are top brokerage calls for the day:

By CNBCTV18.comOct 21, 2021 8:47:04 AM IST (Updated)

Jefferies on Tata Motors | The brokerage likes Jaguar Land Rover's focus returning to Land Rover brand that has higher-margin products. Jefferies has raised its target price on Tata Motors to Rs 625 from Rs 565.

Morgan Stanley on Jubilant FoodWorks | Correction could be a good opportunity for long-term investors to engage, according to Morgan Stanley. The brokerage remains bullish on the growth potential of the company, maintaining its overweight stance on Jubilant FoodWorks' stock.

UBS on Havells India | Much of the potential upside is priced in the stock, said UBS. The brokerage has maintained its 'neutral' rating with a target price of Rs 1,500.

Jefferies on Jubilant FoodWorks | Despite cost inflation across a few heads, confidence is high on maintaining margin, Jefferies said. The brokerage has downgraded the rating on the stock to 'hold'.