Thursday's top brokerage calls: Vodafone Idea, Tata Motors and more

SUMMARY

Among brokerages, Goldman Sachs and CLSA are bearish on Vodafone Idea. Jefferies has a 'buy' call on Tata Motors and Citi is 'neutral' on NMDC. Here's a look at the top brokerage calls for today.

By CNBCTV18.comJul 1, 2021 9:19:39 AM IST (Published)

Goldman Sachs on Vodafone Idea: The brokerage has a 'sell' call on the stock with the target at Rs 3 per share. Vi has large repayments due starting December 2021; co may have a Rs 23,400 cr cash shortfall until April 2022, it said.

CLSA on Vodafone Idea: The brokerage has an 'underperform' call on the stock but raised the target to Rs 10 from Rs 9 earlier. It stated that the decline in subscribers is in-line and 4G additions are encouraging at 40 lakh.

Jefferies on Tata Motors: The brokerage has a 'buy' call on the stock with the target at Rs 455 per share. Improved strategy and cyclical recovery should drive a big turnaround in Tata Motors, Jefferies said.

Citi on NMDC: The brokerage has a 'neutral' call on the stock with the target at Rs 195 per share. NMDC expects iron ore prices to correct during the monsoon, Citi noted. It added that NMDC is trading at a premium to global peers.

CLSA on Dish TV: The brokerage has a 'buy' call on the stock with the target at Rs 17 per share. It stated that the company has repaid Rs 1,000 crore debt in FY21. Its debt currently stands at Rs 800 crore, down 70 percent since FY19.