Brokerage Views: Maruti Suzuki, SBI Card, HDFC AMC, TVS Motor in focus today
The global brokerages are divided on SBI Card and HDFC AMC after the release of the companies' quarterly numbers.
Most brokerages are upbeat on Maruti Suzuki and TVS Motor Company after the auto majors report their financial results for the October-December period. They are divided on SBI Card and HDFC AMC after the release of the companies' quarterly numbers.
Here are some of the key stocks on brokerages' radar on January 25:
Maruti Suzuki
Maruti Suzuki's quarterly net profit more than doubled compared with the corresponding period a year ago.
Goldman Sachs, Jefferies, Citi and HSBC have maintained a 'buy' call each on Maruti Suzuki, as the company's better pricing, improving mix-aided realisations and gross margin contributed to the carmaker's better-than-expected earnings.
JPMorgan and Nomura have maintained 'neutral' on Maruti Suzuki.
CLSA has a 'sell' on Maruti Suzuki, though the brokerage has raised its target price for the stock by Rs 643 to Rs 8,240.
Brokerages | Rating | Price Target |
Morgan Stanley | Overweight | INR 10483 |
Jefferies | Buy | INR 11250 |
HSBC | Buy | INR 10500 |
CLSA | Sell | INR 8240 |
Goldman Sachs | Buy | INR 11000 |
JP Morgan | Neutral | INR 8430 |
CITI | Buy | INR 13100 |
Nomura | Neutral | INR 9928 |
SBI Cards & Payment Services
Brokerages are divided on the card issuer after the company's financial results fell short of analysts' estimates.
The financial company reported lower-than-expected earnings in the December quarter. Morgan Stanley, Credit Suisse, and Nomura maintained Overweight, Outperform and Buy ratings, respectively on SBI Cards.
Also Read: SBI Card Q3 Results: Net profit growth at 32%, misses analysts' estimates
CLSA upgraded SBI subsidiaries' stock to Reduce from Sell, JPMorgan maintained a Neutral stance, and HSBC maintained a Hold call on the stock.
Brokerages | Rating | Price Target |
Morgan Stanley | Overweight | INR 925 |
Credit Suisse | Ouperform | INR 1080 |
JP Morgan | Neutral | INR 800 |
CLSA | Reduce | INR 750 |
HSBC | Hold | INR 830 |
Nomura | Buy | INR 1030 |
HDFC AMC
Morgan Stanley has maintained an 'equal-weight' rating on HDFC AMC. The company's net profit came in broadly in line with estimates, according the brokerage.
Brokerages | Rating | Price Target |
Morgan Stanley | Equalweight | INR 2100 |
JP Morgan | Neutral | INR 2150 |
CITI | Sell | INR 1920 |
CLSA | Buy | INR 2545 |
TVS Motor
Brokerages | Rating | Price Target |
Morgan Stanley | Equalweight | INR 1121 |
JP Morgan | Overweight | INR 1235 |
Jefferies | Buy | INR 1550 |
Goldman Sachs | Neutral | INR 1050 |
CLSA | Sell | INR 971 |
CITI | Sell | INR 800 |
Colgate-Palmolive
Brokerages | Rating | Price Target |
CLSA | Reduce | INR 1525 |
Jefferies | Buy | INR 1750 |
CITI | Sell | INR 1350 |
Goldman Sachs | Sell | INR 1050 |
HSBC | Hold | INR 1500 |
Nomura | Neutral | INR 1550 |
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09:58 AM IST