Wednesday's top brokerage calls: LIC Housing, HDFC Bank and more

SUMMARY

Among brokerage calls, Nomura upgraded LIC Housing to 'buy' on robust June quarter earnings while Jefferies is bullish on HDFC Bank. Here are the top brokerage calls for today:

By CNBCTV18.comAug 26, 2020 8:54:40 AM IST (Published)

Nomura on LIC Housing: The brokerage upgraded the stock to 'buy' after its June quarter result with a target at Rs 350 per share. It added that valuations reflect weaker asset quality performance, especially in builder book.

Jefferies on HDFC Bank: The brokerage maintained a 'buy' call on the stock with a target at Rs 1,350 per share. The bank is expecting retail growth to revise quite well from Q3, Jefferies said.

Nomura on Lupin: The brokerage maintained a 'buy' call on the stock with a target at Rs 1,012 per share. Lupin getting US FDA approval for Albuterol was in-line with expectations, it said, adding that despite the generic competition, the pricing is attractive.

CLSA on Dabur: The brokerage maintained a 'buy' call on the stock with a target at Rs 590 per share. Traction in Dabur’s profitable business kept the brokerage positive on the stock.

Investec on PSU Banks: PSU bank slippages are bound to be elevated in the near term, said the brokerage. It added that asset quality and dilution risks remain elevated for PSUs.