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    HomeNewsBusinessStocksBrokerage calls: How to play HDFC, Tata Motors, Maruti

    Brokerage calls: How to play HDFC, Tata Motors, Maruti

    Here is how brokerages are trading HDFC, Havells India, Tata Motors and Maruti Suzuki.

    September 05, 2013 / 11:05 IST
       
       
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      Here is how brokerages are trading HDFC, Havells India, Tata Motors and Maruti Suzuki:

      HDFC
      Brokerage:       Citi
      Rating: NEUTRAL
      Target:       Rs 940
      Rationale: The NBFC’s asset business is in a good shape and needs easing in monetary policy to sustain growth.


      Tata Motors
      Brokerage:       CLSA
      Rating: BUY
      Target:       Rs 380
      Rationale: The company is more attractive on weak outlook for peers and remains a top pick in auto sector.


      Maruti Suzuki
      Brokerage:       Morgan Stanley
      Rating: OVERWEIGHT
      Target:       Rs 1,428
      Rationale: The brokerage has cut the company’s FY14 EPS estimates by 17%.

      Havells India
      Brokerage:       JPMorgan
      Rating: UNDERWEIGHT
      Target:       Rs 520
      Rationale: The brokerage expects slower earnings growth over next 2 years. Its key concerns are the moderation in consumer segment and the weak capex in industrials. Also European construction is expected to remain weak in CY13.

      first published: Sep 5, 2013 09:20 am

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