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Larsen & Toubro, Jubilant FoodWorks, Federal Bank: Monday's top brokerage calls
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Larsen & Toubro, Jubilant FoodWorks, Federal Bank: Monday's top brokerage calls
Oct 16, 2022 11:36 PM

Larsen & Toubro | Nomura has a 'buy' call on the shares of Larsen & Toubro with a target price of Rs 2,065. The brokerage says that the profitability of the company is affected by the higher interest rate costs.

ICICI Prudential | Credit Suisse has an 'underperform' call on the shares of ICICI Prudential with a target price of Rs 430. The brokerage says that the second quarter profitability of the company is under pressure despite slow growth.

Jubilant FoodWorks | CLSA has a 'sell' call on the shares of Jubilant FoodWorks with a target price of Rs 550. The brokerage says it will be difficult for the company to protect its market share and margin.

Federal Bank | Morgan Stanley has an 'overweight' call on the shares of Federal Bank with a target price of Rs 165. The brokerage says that the second quarter profit of the company has increased over 50 percent year-on-year (YoY) with core pre-provision operating Profit growth of 40 percent YoY.

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