Tuesday's top brokerage calls: Bank of Baroda, Shree Cement and more

SUMMARY

Among brokerages, Citi has a 'buy' call on Bank of Baroda post its Q1 results but Morgan Stanley is 'underweight' on the stock. Meanwhile, CLSA has a 'sell' call on Shree Cement. Here are the top brokerage calls for today:

By CNBCTV18.comAug 11, 2020 9:13:46 AM IST (Published)

Citi on Bank of Baroda: The brokerage maintained a 'buy' call on the stock with the target cut to Rs 65 per share from Rs 75 earlier. It also lowered the net profit estimate for the lender for FY21/22 after the bank reported its Q1 earnings.

Morgan Stanley on Bank of Baroda: The brokerage is 'underweight' on the stock with a target at Rs 42 per share. The brokerage remains bearish on the stock despite cheap valuations.

Morgan Stanley on Titan: The brokerage is 'underweight' on the stock with a target at Rs 807 per share. A full-fledged demand recovery will remain elusive for Titan in FY21, MS says.

CLSA on Shree Cement: The brokerage has a 'sell' call on the stock with a target at Rs 20,300. Shree Cement’s results indicate the company may have to forego pricing to maintain higher growth, CLSA believes.

Jefferies on Shree Cement: The brokerage maintained 'underperform' call on the stock with a target at Rs 18,700. It added that Shree Cement’s results were a bit different from peers as volumes were higher than forecast.

Jefferies on PowerGrid: The brokerage maintained a 'hold' call on the stock with a target at Rs 160 per share. It said that the company's profit is in-line with estimates but concerns remain around a weak growth outlook and market share.