Brokerage Views: Maruti Suzuki, SBI Card, HDFC AMC, TVS Motor in focus today

The global brokerages are divided on SBI Card and HDFC AMC after the release of the companies' quarterly numbers.

Brokerage Views, Maruti Suzuki, SBI Card, HDFC AMC, TVS Motor, Colgate Palmolive - Image Source: Pixabay

Most brokerages are upbeat on Maruti Suzuki and TVS Motor Company after the auto majors report their financial results for the October-December period. They are divided on SBI Card and HDFC AMC after the release of the companies' quarterly numbers.

Here are some of the key stocks on brokerages' radar on January 25:

Maruti Suzuki

Maruti Suzuki's quarterly net profit more than doubled compared with the corresponding period a year ago.

Goldman Sachs, Jefferies, Citi and HSBC have maintained a 'buy' call each on Maruti Suzuki, as the company's better pricing, improving mix-aided realisations and gross margin contributed to the carmaker's better-than-expected earnings.

JPMorgan and Nomura have maintained 'neutral' on Maruti Suzuki.

CLSA has a 'sell' on Maruti Suzuki, though the brokerage has raised its target price for the stock by Rs 643 to Rs 8,240.

Brokerages	Rating	Price Target
Morgan Stanley	Overweight	INR 10483
Jefferies	Buy	INR 11250
HSBC	Buy	INR 10500
CLSA	Sell	INR 8240
Goldman Sachs	Buy	INR 11000
JP Morgan	Neutral	INR 8430
CITI	Buy	INR 13100
Nomura	Neutral	INR 9928

SBI Cards & Payment Services

Brokerages are divided on the card issuer after the company's financial results fell short of analysts' estimates.

The financial company reported lower-than-expected earnings in the December quarter. Morgan Stanley, Credit Suisse, and Nomura maintained Overweight, Outperform and Buy ratings, respectively on SBI Cards.

Also Read: SBI Card Q3 Results: Net profit growth at 32%, misses analysts' estimates

CLSA upgraded SBI subsidiaries' stock to Reduce from Sell, JPMorgan maintained a Neutral stance, and HSBC maintained a Hold call on the stock.

Brokerages	Rating	Price Target
Morgan Stanley	Overweight	INR 925
Credit Suisse	Ouperform	INR 1080
JP Morgan	Neutral	INR 800
CLSA	Reduce	INR 750
HSBC	Hold	INR 830
Nomura	Buy	INR 1030

HDFC AMC

Morgan Stanley has maintained an 'equal-weight' rating on HDFC AMC. The company's net profit came in broadly in line with estimates, according the brokerage.

Brokerages	Rating	Price Target
Morgan Stanley	Equalweight	INR 2100
JP Morgan	Neutral	INR 2150
CITI	Sell	INR 1920
CLSA	Buy	INR 2545

TVS Motor

Brokerages	Rating	Price Target
Morgan Stanley	Equalweight	INR 1121
JP Morgan	Overweight	INR 1235
Jefferies	Buy	INR 1550
Goldman Sachs	Neutral	INR 1050
CLSA	Sell	INR 971
CITI	Sell	INR 800