Bears took control of D-Street on the October expiry day on Thursday that pushed the S&P BSE Sensex below 60,000 while the Nifty50 plunged by more than 350 points.

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We have collated a list of views from Zee Business TV from various global brokerages on companies that came out with results on Thursday.

Lupin:

Credit Suisse: Upgrade to Neutral| Target raised to Rs 925 from Rs 875

Credit Suisse upgraded Lupin to Neutral from Underperform post September quarter results and upgraded the target price to Rs 925 from Rs 875 earlier. The global investment bank does not see a big downside from current levels.

On cost, the pharma major slashed specialty spends to $5million from $20 million and R&D to 8-8.5%. It has also slashed FY22/23/24 EPS estimates by 26/11/9% due to weak Q2.

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InterGlobe Aviation:

Credit Suisse: Outperform| Target Rs 2700

Credit Suisse maintains an outperform rating on InterGlobe Aviation post September quarter results with a target price of Rs 2700.

Goldman Sachs: Neutral| Target Rs 2070

Goldman Sachs maintains a neutral rating on Indigo post September quarter results with a 12-month target price of Rs 2070.

The September quarter results surprised on the positive side, and the investment bank sees significant improvement ahead.

Marico:

Morgan Stanley: Overweight| Target Rs 670

Morgan Stanley maintains an overweight rating on Marico with a target price of Rs 670. The Q2 earning were marginally lower than Morgan Stanley estimates.

The overall earning came ahead of consensus. Strengthening of core business strategy doing well, and the management expects double-digit volume growth.

Credit Suisse: Neutral| Target Rs 635

Credit Suisse maintained its neutral rating on Gujarat Gas post September quarter results with a target of Rs 635.

The volume growth remains strong but margin pressure to continue until spot prices cool off. We have slashed FY22/23/24 EPS estimate by 22/5/5%. Price hike will only help to achieve breakdown on Q3 volumes.

SBI Cards & Payment Services:

Morgan Stanley: Overweight| Target raised to Rs 1350 from Rs 1280

Morgan Stanley maintained its overweight rating on SBI Cards & Payment Services post September quarter results but raised the target to Rs 1350 from Rs 1280 earlier.

The company is positioned well for a recovery in the consumer spending. Spending and receivables saw strong growth, and the return on equity (ROE) has hit 20 per cent and should head higher.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)