Brokerage call: Morgan Stanley has an Overweight rating on ICICI Lombard General Insurance. Citi maintained a “neutral” rating on Just Dial and CLSA maintained a “sell” rating on Tata Motors.
The brokerage maintained a “buy” rating on Just Dial with a target price of Rs 1,350. However, it has lowered its FY22 EPS estimate by 12% to account for the impact of a third wave of the pandemic.
The brokerage maintained a “neutral” rating on Just Dial with a target price of Rs 825. Just Dial’s third-quarter numbers missed expectations, highlighting some challenges, the company said. Citi said the company was slower than expected on new initiatives such as JD.com.
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