Jefferies has a ‘purchase’ stance on Tata Motors with a goal value of Rs 540, whereas Morgan Stanley has a ‘underweight’ name on Hero MotoCorp with a goal value of Rs 1,937.
Hero Motocorp | Morgan Stanley has an ‘underweight’ stance on Hero MotoCorp, with a goal value of Rs 1,937 on its shares. The brokerage agency has argued for market share stress in addition to restricted margins for its name.
Tata Motors | Jefferies has taken a ‘purchase’ strategy on its shares on Tata Motors with a goal value of Rs 540. The brokerage believes that the automaker has the potential to realize market share as EV adoption will increase in India.
Godrej Shopper Merchandise | Jefferies has a ‘Purchase’ place on Godrej Shopper Merchandise with a goal value of Rs 1,040 on its shares. The brokerage mentioned the corporate’s efficiency has improved with the growth of distribution.
Financial institution | CLSA has positioned ‘Purchase’ name on the shares of SBI, Axis Financial institution and ICICI Financial institution with goal value of Rs 680, Rs 1,050 and Rs 1,010 respectively. The brokerage agency says that the outlook of banks appears favorable attributable to higher mortgage development and margins.