Posted on by Pranati Deva

Tuesday’s top brokerage calls: SunTeck Realty, CPI Inflation and more

CLSA on SunTeck Realty: The brokerage has a ‘buy’ call on the stock and raised the target to Rs 440 per share from Rs 425 earlier. Sunteck Realty’s collection efficiency continues to improve, CLSA increases pre-sales estimates by 12 percent and 9 percent for FY22 and FY23, respectively.
CLSA on HDFC Bank: The brokerage has a ‘buy’ call on the stock with a target at Rs 1,825 per share. It added that the lender’s first annual report post-CEO-change starts with the acknowledgment of past issues.
Credit Suisse on CPI Inflation: Food CPI can ease to 4.5 percent in July and the headline can fall to 5.3 percent, Credit Suisse says after CPI inflation for the month of June came in at 6.3 percent. However, it added that June inflation is 32 bps below consensus expectations.
UBS on CPI Inflation: As per the brokerage, CPI inflation came in below consensus in June as price pressures ease. Headline CPI relatively stable at 6.3 percent in June vs the previous month, it added.
Kotak on Axis Bank: The brokerage has a ‘buy’ call on the stock with a target at Rs 850 per share. Axis Bank’s RoE trajectory has greater room for improvement; the bank is well-positioned for a multiple expansion, Kotak Institutional Equities said.
Macquarie on OMCs: The brokerage continues to expect a cyclical improvement in refining margins on OMCs. It added that HPCL has bottom-up capacity growth drivers and has a ‘buy’ call on the stock with a target at Rs 516 per share.
Bernstein on Bajaj Finance: The brokerage has an ‘outperform’ call on the stock with a target at Rs 7,240 per share. Good execution on digital transformation by Bajaj Finance will support its premium fintech valuation, Bernstein stated.