ET NOW BROKERAGE RADAR - 2 July 2020
CLSA ON MARICO
Downgrade to Underperform from Outperform
The target for Marico at `350/share
Execution key to navigate headwinds
Value-end positioning in hair oil to help fight demand pressure
Foods portfolio likely to see the enhanced appeal
Demand headwinds to limit upside
MOTILAL OSWAL ON HDFC
Maintain BUY, Target at `2150/share
HDFC Well-placed to capture market share
Share of retail customers availed moratorium declined
Near-term growth is likely to be challenging.
CLSA ON VODAFONE INDIA
Maintain BUY , Target at `14/share
4QFY20 revenue above estimates
Vodafone Idea debt burden is enormous
See further upside to ARPU growth
See stock’s risk-reward still favorable
MORGAN STANLEY ON RIL
Maintain Overweight, Target at `1801/share
Annual reports provided more details on its growth strategy in the retail
RIL has launched Jiomart in 200 cities
MACQUARIE ON BHARTI AIRTEL
Macquarie reinstated coverage of Bharti Airtel Ltd
Coverage with the recommendation of outperform.
Target price set at `700, implying 25% upside
Mobile ARPU can increase in Oligopolies
India Mobile APRU can increase by 50% to `220