Friday 12 April 2019





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CLSA on Tata Motors
Tata Motors broke out its 2018-2019 basing pattern with recent move 
Expect 50% upside which was reinforced this week with move above 200 DMA 

CLSA on Lemon Tree
Maintain buy call, target at Rs 89 per share
Key Acquisition, New Management Contract Opportunities to Help Gain Scale

Morgan Stanley on Avenue Supermarts
Initiate at underweight, target at Rs 1,120 per share
Rising competition may blunt DMart's first-mover advantage

HSBC on Motherson Sumi
Maintain buy call, target cut to Rs 170 from Rs 233 per share
Target price factors in slower car market

HSBC on Shriram Transports
Maintain buy rating, target at Rs 1,450 per share
Lack of clarity on group’s restructuring plan an overhang 

Maybank on Bharti Airtel
Maintain hold, target raised to Rs 340 from Rs 300 per share
Target reflects replacement value of fibre assets at Rs 38 per share

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