Analyst Calls: Godrej Agrovet, Gujarat Gas, Lupin, L&T Infotech
The domestic stock market on Thursday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 11.50 points lower this morning, signalling a tepid start for Dalal Street.
As you head for the day’s trade, here is a compilation of overnight analyst calls on various stocks.
• Motilal Oswal has a buy rating on Godrej Agrovet with a target price of Rs 584. Indonesia and Malaysia – which account for around 86 per cent of the world’s palm oil production – are planning to increase the usage of palm oil for the production of biodiesel, said Motilal Oswal. The brokerage said this event would be a positive for Godrej Agrovet's palm oil division in FY21. The stock ended up 2.3 per cent at Rs 497.25 on Wednesday.
• Reliance Securit ...