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Foreign brokerages raise target of these 10 stocks; do you own any?

Cholamandalam Investment and Finance, Reliance Industries, ICICI Bank, Adani Ports, Tata Steel, Godrej Properties, Mahindra & Mahindra Financial Services, Maruti Suzuki, SBI Cards & Payment Services and IndusInd Bank are among the top 10 stocks for which foreign brokerages raised the target price.

May 06, 2022 / 10:28 AM IST
Sensex
Indian benchmark indices erased most of the intraday gains and ended on a flat note in the highly volatile session on May 5. At close, the Sensex was up 33.20 points or 0.06% at 55,702.23, and the Nifty was up 5.10 points or 0.03% at 16,682.70.
Cholamandalam Investment and Finance Company | Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 900
Cholamandalam Investment and Finance Company | Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 900
Reliance Industries | Brokerage: Citi | Rating: Upgrade to buy from neutral | Target: Raises to Rs 3,170 from Rs 2,750
Reliance Industries | Brokerage: Citi | Rating: Upgrade to buy from neutral | Target: Raised to Rs 3,170 from Rs 2,750
ICICI Bank | Brokerage: Nomura | Rating: Buy | Target: Raised to Rs 960
ICICI Bank | Brokerage: Nomura | Rating: Buy | Target: Raised to Rs 960
Adani Ports | Brokerage: Nomura | Rating: Buy | Target: Raised to Rs 1,025
Adani Ports | Brokerage: Nomura | Rating: Buy | Target: Raised to Rs 1,025
Tata Steel | Brokerage: JPMorgan | Rating: Overweight | Target: Raised to Rs 1,940
Tata Steel | Brokerage: JPMorgan | Rating: Overweight | Target: Raised to Rs 1,940
Representative image
Godrej Properties | Brokerage: Jefferies | Rating: Buy | Target: Raised to Rs 2,100
Mahindra & Mahindra Financial Services | Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 260 from Rs 240
Mahindra & Mahindra Financial Services | Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 260 from Rs 240
Maruti Suzuki XL6 | First launched in 2019, the XL6 is essentially a premium variant of the Ertiga. Sold through the Maruti Suzuki’s Nexa dealership, the XL6 may not be as popular as the Ertiga itself. Like the Ertiga before this, the XL6 is also likely to get only a few minor changes for its facelift. Where design is concerned, a new grille will be seen as well as tweaked bumpers and a new set of alloys. All of this will give the XL6 a slightly sportier stance. Over to the inside, a revised dashboard is likely and we will see a new 9-inch touchscreen infotainment system. Again, like the Ertiga, the XL6 will carry the same 1.5 litre petrol engine albeit with a bit more fuel efficiency. Producing 105 hp of maximum power and 138 Nm of peak torque, a 5-speed manual will handle transmission duties. The 4-speed AMT gearbox too will be replaced for a quicker 6-speed torque convertor. Both the Ertiga and the XL6 face the same rivals such as the Mahindra Marazzo, the Kia Carens and from higher up the Toyota Innova Crysta.
Maruti Suzuki | Brokerage: JPMorgan | Rating: Neutral | Target: Raised to Rs 7,200 from Rs 6,525
SBI Cards & Payment Services | Brokerage: JPMorgan | Rating: Buy | Target: Raised to Rs 1,250
SBI Cards & Payment Services | Brokerage: JPMorgan | Rating: Buy | Target: Raised to Rs 1,250
IndusInd Bank | Brokerage: Morgan Stanley | Rating: Overweight | Target: Raised to Rs 1,300
IndusInd Bank | Brokerage: Morgan Stanley | Rating: Overweight | Target: Raised to Rs 1,300
Rakesh Patil
first published: May 6, 2022 10:28 am
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