Tech Mahindra, Adani Ports, Sun Pharma: Wednesday’s top brokerage calls

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Abstract

CLSA has an ‘underperform’ call on Tech Mahindra with a target price of Rs 1,070 per share while a ‘buy’ call on Adani Ports with a target price of Rs 1,105 on CITI shares.

Tech Mahindra | CLSA has an ‘underperform’ call on Tech Mahindra with a target price of Rs 1,070 on shares. According to the brokerage house, the company’s second-quarter earnings and near-term outlook look stable.

Tech Mahindra | Nomura has a ‘buy’ call on Tech Mahindra with the share price at Rs 1,160. According to the brokerage house, the company’s second quarter earnings performance is strong. The brokerage also said the company’s deal wins are strong.

Adani Ports | CITI has a ‘buy’ call on Adani Ports at Rs 1,105 per share. According to the brokerage house, the company’s second quarter earnings performance is strong, and it is performing well on multiple fronts.

Sun Pharma | Nomura has a ‘buy’ call on Sun Pharma at Rs 1,094 per share. According to the brokerage house, the company has maintained strong margin performance and its earnings visibility has also improved.

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