Tuesday's top brokerage calls: L&T, Concor and more

SUMMARY

Among brokerages, Jefferies and CLSA have 'buy' calls on L&T while Nomura in 'neutral' on Concor. Here are the top brokerage calls for today:

By CNBCTV18.comSept 1, 2020 9:05:59 AM IST (Published)

Jefferies on L&T: The brokerage has a 'buy' rating on the stock with a target at Rs 1,280. It says Schneider deal completion is a much-awaited positive.

CLSA on L&T: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,280. It says it’s a good proxy for a domestic capex revival.

Nomura on Concor: The brokerage is 'neutral' on the stock with a target at Rs 483 per share. It says the potential upside is 25-387 percent if the Tughlakabad land issue is resolved.

Nomura on RBI Measures: As per the brokerage, RBI announcing an increase in held-to-maturity limits for SLR Bonds purchased by banks is an important step. It expects a positive market reaction from both bond and swap markets.

Deutsche Bank on RBI Measures: It believes RBI looks determined to keep longer duration bond yields from inching up sharply.