Present

Associate Sponsors:

Sector Sponsors:

Moneycontrol
Presents Budget 2019

Associate Sponsors

Last Updated : Feb 12, 2019 11:43 AM IST | Source: Moneycontrol.com

Brokerage calls: CLSA maintains Outperform on Eicher Motors, Motherson Sumi

CLSA has raised Eicher Motors' target price to Rs 23,900 from Rs 22,300

Moneycontrol News @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

We have collated a list of recommendations from various global brokerage firms for Tuesday, February 12.

Apollo Hospitals Enterprises | Brokerage: CLSA | Rating: Buy | Target: Rs 1,500

The promoters are confident of selling their stake in Apollo Munich, according to CLSA.

Eicher Motors | Brokerage: CLSA | Rating: Outperform | Target: Rs 23,900

CLSA raised the stock's target price to Rs 23,900 from Rs 22,300, keeping the Outperform rating.

Eicher Motors has good long-term potential but needs sustainable pick-up in volumes, the brokerage said in a research note.

Max Financial Services | Brokerage: Nomura | Rating: Buy | Target: Rs 492

Nomura has cut the stock's target price to Rs 492 from Rs 540, maintaining the Buy rating.

The brokerage said it retained the rating due to inexpensive valuations.

"Expect strong growth over FY17-25 for listed insurers," Nomura said.

Max Financial Services | Brokerage: CLSA | Rating: Buy | Target: Rs 510

CLSA has cut Max Financial's target price to Rs 510 from Rs 550, keeping the Buy rating.

"Over FY18-21, expect a 19 percent CAGR in new premiums," CLSA said in a research note.

Motherson Sumi Systems | Brokerage: CLSA | Rating: Outperform | Target: Rs 150

The brokerage has cut Motherson Sumi's target price to Rs 150 from Rs 180, retaining the Outperform rating.

CLSA has cut the company's FY19-21 EPS estimates by 6-10 percent.

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Feb 12, 2019 11:41 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant