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Bajaj Auto, Tata Consumer, Nestle and more: Wednesday's top brokerage calls

Bajaj Auto, Tata Consumer, Nestle and more: Wednesday's top brokerage calls
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By CNBCTV18.com Apr 26, 2023 8:12:49 AM IST (Published)

SUMMARY

Morgan Stanley has maintained an 'overweight' rating on Bajaj Auto with a target of Rs 5,063 per share, while Nomura has maintained a 'buy' rating on Tata Consumer Products with a target of Rs 880 per share.

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Bajaj Auto | Morgan Stanley has maintained an 'overweight' rating on Bajaj Auto with a target of Rs 5,063 per share, from its previous target of Rs 4,486 per share. It says that while the company's fourth quarter volumes were down, better mix drove EBITDA.

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Tata Consumer Products | Morgan Stanley has maintained an 'overweight' rating on Tata Consumer Products with a target of Rs 904 per share. It says the market share loss in tea is a negative.

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Tata Consumer Products | Nomura has maintained a 'buy' rating on Tata Consumer Products with a target of Rs 880 per share. It says the company's core business sees improvement, while its growth business' strong performance continues.

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Nestle | Morgan Stanley has maintained an 'underweight' rating on Nestle, with a target of Rs 15,315 per share. It says it remains underweight given weaker growth in the largest category.

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Dalmia Bharat | Morgan Stanley has maintained an 'overweight' rating on Dalmia Bharat with a target of Rs 2,260 per share. it says that the profit reported by the company was lower than estimates.

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