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Torrent Pharma, HUL, Amber Enterprises and more: Wednesday's top brokerage calls
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Torrent Pharma, HUL, Amber Enterprises and more: Wednesday's top brokerage calls
Oct 25, 2023 12:06 AM

RBL Bank | Morgan Stanley has maintained an 'underweight' rating on RBL Bank with a target of Rs 245 per share. It says this is because the lender's profitability recovery is set to be gradual.

PNB Housing | Morgan Stanley has maintained an 'overweight' rating on PNB Housing with a target of Rs 880 per share. It says the stock has re-rated sharply in the last year.

SBI Card | Morgan Stanley has maintained an 'overweight' rating on SBI Card with a target of Rs 1,115 per share. It says the company grew slower, and is up 7% year-on-year and down 9% month-on-month.

Torrent Pharma | Goldamn Sachs has maintained a 'buy' rating on Torrent Pharma at a target of Rs 2,325 per share. It says longer term outlook remains intact.

Torrent Pharma | Jefferies has maintained a 'hold' rating on Torrent Pharma with a target of Rs 2,040 per share. It says the branded market is the key focus area.

Torrent Pharma | HSBC has maintained a 'buy' rating on Torrent Pharma with a target of Rs 2,200 per share. It says the second quarter is largely in-line with estimates, and the core India segment sustained above-market growth.

Torrent Pharma | Nomura has maintained a 'buy' rating on Torrent Pharma with a target of Rs 2,156 per share. It says the company's second quarter earnings were marginally below estimates, but strong India growth is a positive.

Amber Enterprises | Jeffereis has maintained a 'buy' rating on Amber Enterprises with a target of Rs 3,990 per share. It says the company sees sales in electronics and mobility to grow two times over the next two years.

Amber Enterprises | Goldman Sachs has maintained a 'buy' rating on Amber Enterprises with a target of Rs 2,990 per share. It says the company will be a key beneficiary of secular growth story of air conditioners in India.

Amber Enterprises | CLSA has maintained a 'buy' rating on Amber Enterprises with a target of Rs 3,650 per share. It says the second quarter margin is tepid, but outlook is strong.

HUL | HSBC has downgraded its rating on HUL to 'hold' with a target of Rs 2,700 per share. It says it sees a little upside unless the market turns deeply risk averse.

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