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Market Live: Nifty holds 11,250, Sensex gains 100 points; Zee Entertainment plunges 8%

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Brokerages View: Source: CNBC-TV18

Credit Suisse on Union Bank

Q4 results weak as slippages remain elevated & growth stays Weak

Cut EPS by 13%; reiterate neutral with target cut to Rs 75 from Rs 78 per share

Citi on Union Bank

Retain sell call; raise target to Rs 70 from Rs 65 per share

While divergence in NPA was low, that in provisions was higher

Lower FY20/21 estimates by 16% on higher provisions

IDFC Securities on Yes Bank

Reiterate underperform with target at Rs 135 per share

RBI appointing an additional director is a serious matter & negative for the bank

Morgan Stanley on Nestle

Underweight rating, target at Rs 8,400 per share

Higher commodity prices affected gross margin

Higher other income drove adjusted profit growth of 9% YoY

Jefferies on Nestle

Buy rating, target at Rs 12,000 per share

Continue to like its focus on volume-led growth 

CLSA on Nestle

Maintain outperform, target at Rs 11,750 per share

Decent domestic growth but weak margin

CLSA on Union Bank

Retain buy call but cut target to Rs 96 from Rs 105 per share

Retain a buy rating for reasonable valuation & better CASA franchise 

CLSA on Westlife

Maintain buy rating, but lower target price to Rs 450 from Rs 550 per share

Better than expected margin helped but growth concerns emerge now

Credit Suisse on Aarti Industries

Initiate with outperform, target at Rs 2,000 per share

Strong track record makes it a preferred partner for clients

Credit Suisse on PI Industries

Initiate with outperform, target at Rs 1,300 per share

Order backlog unwinding to be a key driver

Credit Suisse on Pidilite Industries

Very weak Q4, massive slowdown in volume growth

Adjusted PBT down 1% YoY; 10% below our estimates

Miss was largely driven by weak volume growth



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