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

SUMMARY

CLSA has downgraded its rating on Tata Motors shares to 'sell' from 'buy' while CLSA noted that a weak demand trend persists in the automobile sector. Here are the top brokerage calls for today:

By CNBCTV18.comJan 4, 2022 8:24:13 AM IST (Published)

CLSA on Marico | The brokerage house observed that topline growth may be in low-teens but weak margin may drive 4 percent earnings growth.

CLSA on Automobiles | CLSA noted that the weak demand trend persists. The brokerage has estimated a month-on-month decline of 30 percent for tractors and 6 percent for two-wheelers. Whereas, CLSA has estimated a 20 percent rise for commercial vehicles and 2 percent for passenger vehicles.

CLSA on IT | The brokerage house is of the view that demand strength will continue and margins could surprise positively in 2022. CLSA believes rich valuations might sustain.

CLSA on Tata Motors | CLSA has downgraded its rating on Tata Motors shares to 'sell' from 'buy' and slashed its target price as well. The brokerage house believes that the domestic passenger vehicle business is overvalued while JLR lags in electrification.

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