Thursday's top brokerage calls: Titan, Dr Reddy's, Axis bank and more

SUMMARY

Among brokerages, CLSA is bullish on L&T and Axis Bank while CS maintained a 'neutral' call on Titan. Here are the top brokerage calls for today:

By CNBCTV18.comOct 29, 2020 9:03:08 AM IST (Published)

CS on Titan: The brokerage maintains a 'neutral' call on the stock with a target at Rs 1,170 per share. It added that the company's recovery is likely to lag heightened expectations.

CS on Dr Reddy's: The brokerage maintains an 'outperform' call on the stock with a target at Rs 5,550 per share. It added that the company's Q2 will be better than expected with strength driven by US sales.

CLSA on L&T: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,400 per share. It added that the company shows clear signs of execution in H2.

CLSA on Axis Bank: The brokerage maintains a 'buy' call on the stock with a target at Rs 700 per share. It added that the company's asset quality commentary indicates COVID-related stress is manageable.

CLSA on market strategy: The brokerage says big inflow raises FPI ownership. As of now, retail ownership is at a 12-quarter high and healthcare, staples weighting increased for FPIs and DMFs.