Friday’s top brokerage calls: Avenue Supermarts, ICICI Bank and more
Jefferies on Avenue Supermarts: The brokerage initiated coverage on the stock with a ‘buy’ call and target at Rs 2,600 per share. Avenue Supermarts is in a sweet spot, with an acute focus on customer value, product quality, profitability, it added.CLSA on ICICI Bank: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 500 per share. It expects the lender to get back to an annualised growth rate of 15 percent in its pre-provisioned operating profit from FY22.CLSA on Hero Moto: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 3,315 per share. It added that rural has led the recovery for the firm but urban has also starting to pick up.Credit Suisse on Bajaj Finance: The brokerage maintains a ‘neutral’ call on the stock with a target at Rs 2,900 per share. Bajaj Finance will remain profitable in FY21 despite elevated credit cost, it added.Jefferies on Concor: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 525 per share. The company’s FY21 profit may have been impacted due to the land lease issue with Railways but Jefferies sees a 26 percent compound annualized growth rate over FY21-25.
