Tuesday's top brokerage calls: Aviation stocks, Tata Motors and more

SUMMARY

Among brokerages, HSBC downgraded IndiGo to 'reduce' from 'hold' but raised its target while retaining a bullish view on Spicejet. Also, Macquarie is 'neutral' on Tata Motors as JLR faces multiple challenges, newly-forayed China business. Here are the top brokerage calls for today:

By CNBCTV18.comDec 15, 2020 8:45:51 AM IST (Updated)

HSBC on Aviation: The brokerage downgraded IndiGo to 'reduce' from 'hold' but raised its target to Rs 1,490 per share from Rs 1,290 earlier. Meanwhile, it maintained a 'buy' call on SpiceJet and raised its target to Rs 125 from Rs 80.

Macquarie on Tata Motors: The brokerage maintains a 'neutral' call on the stock with a target at Rs 174 per share. The firm's India PV business has gained market share and seen its PV margin improving, noted the brokerage.

HSBC on Indian Hotels: The brokerage maintained a 'buy' call on the stock and raised its target price to Rs 151 from Rs 120.50 earlier. Seasonal recovery in demand and pick-up in banquet business should boost profitability, it added.

Investec on JSPL: The brokerage maintains a 'buy' call on the stock with a target at Rs 341 per share. It is constructive on the steel cycle and sees upside risk to its FY21/22 estimates for JSPL.

Credit Suisse on Amber and Dixon Tech: Phased manufacturing programme and PLIs provide a strong impetus to both the forms, said the brokerage. It reiterated a positive view on both companies.

MOSL on GAIL: The brokerage has a 'buy' rating on the stock with a target at Rs 154 per share. Changing macros, if sustained, could result in an earnings/target upgrade, it added.