Broker Radar for November 19

Check out the stock commentaries and recommendations from brokerage houses.

Nov 19, 2019 02:11 IST India Infoline News Service

Macquarie maintained ‘Underperform’ on Bandhan Bank with a TP of Rs470
  • Reports of unrest among microfinance customers in Assam.
  • Assam is the second largest state for Bandhan Bank at 18% of AUM.
  • Must watch how promptly and effectively industry swings into action to allay concerns.
Morgan Stanley maintained ‘Equal-weight’ on Bharti Airtel; hiked TP to Rs410 from Rs360
  • Intention to increase tariffs is the necessary first step in the right direction.
  • Await relief measures from the government.
  • Hiked price target to factor in H1FY20 numbers.
HSBC maintained ‘Buy’ on Castrol India; hiked TP to Rs165 from Rs142
  • Slowdown hits volumes, but margins intact.
  • Margins still growing on strong realisations and good cost control.
  • Hike price target on lower tax rates.
Source: Media reports 

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