Monday’s top brokerage calls: UPL, Vedanta and more
CLSA on UPL | CLSA has increased its FY23-24 EPS estimates by 3 percent given an improved product mixed. The brokerage has maintained a ‘buy’ rating on shares of UPL.CLSA on Vedanta | Q2 in-line but higher costs are likely to be offset by higher metal prices, CLSA said. The brokerage has maintained an ‘outperform’ rating on shares of Vedanta.JP Morgan on Shriram Transport | The company’s NIMs improved 6 bps quarter-on-quarter and additional improvement can be expected ahead, the brokerage said. The brokerage has maintained an ‘overweight’ rating on shares of Shriram Transport.Kotak Institutional on Shriram Transport | The brokerage expects the business momentum of the company to remain strong. The brokerage has maintained a ‘buy’ rating on shares of Shriram Transport.Nomura on Shriram Transport | The brokerage expects AUM of the company to grow 11 percent CAGR over FY21-24. The brokerage has maintained an ‘overweight’ rating on shares of Shriram Transport.CLSA on Shriram Transport | News about a merger is a key thing to watch out for, the brokerage said. The brokerage has maintained an ‘outperform’ rating on shares of Shriram Transport.
