Titan, Bharti Airtel, Sbi Cards and Payment Services: Best Friday Brokerage Calls

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Morgan Stanley has an “overweight” position in shares of Titan with a target price of Rs 2,902 while Credit Suisse has an “outperforming” position in shares of JB Chemicals and Pharmaceuticals with a target price of Rs 2,300.

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Titan | Morgan Stanley has an ‘overweight’ in Titan shares with a target price of Rs 2,902. According to the brokerage, the company’s early trends in the second quarter look solid with 18% YoY growth. in the jewelry division.

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SBI Cards and Payment Services | Morgan Stanley has an “overweight” position in SBI Cards and Payment Services shares with a target price of Rs 1,100. According to the brokerage, the company’s decision not to grant Merchant Discount Rate (MDR) up to Rs 2,000 will be positive for credit related expenses and income.

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Bharti Airtel | Morgan Stanley has an “overweight” position in Bharti Airtel shares with a target price of Rs 825. The brokerage said telecom companies may consider raising the 4G tariff after the continued rollout of 5G.

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Automotive industry | Jefferies said India’s auto sector is now recovering from its worst downturn in decades. The brokerage also says lower metal prices would also boost profits for automakers and says to remain bullish on shares of TVS, Maruti Suzuki, Tata Motors and Eicher.

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JB Chemistry and Pharmaceuticals | Credit Suisse has an “outperform” position in JB Chemicals and Pharmaceuticals shares with a target price of Rs 2,300. According to the brokerage, the company’s revenue mix is ​​shifting towards India and CDMO.

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Elaine R. Knight