Wednesday’s top brokerage calls: Bharti Airtel and Tata Motors

Goldman Sachs on Bharti Airtel: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 635 per share. It added that the company’s execution continues to be near-flawless.
Citi on Bharti Airtel: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 690 per share. It also noted the India mobile key driver of the beat, with revenue up 7 percent QoQ.
BofAML on Bharti Airtel: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 640 per share on positive risk-reward. It added that strong business momentum for the firm continues.
CLSA on Bharti Airtel: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 715 per share. Revenue and EBITDA were led by strong India mobile data traction, it added.
Goldman Sachs on Tata Motors: The brokerage maintains a ‘sell’ call on the stock with a target at 108 per share.
Citi on Tata Motors: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 185 per share. It said that the company’s Q2 results were ahead of estimates.
CLSA on Tata Motors: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 220 per share. It said that improvements at JLR and India drive beat on earnings.