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Thursday's top brokerage calls: ICICI Bank, OMCs and more

Updated : 2020-06-25 09:14:35

Among brokerages, Macquarie and Jefferies are bullish on ICICI Bank on capital raise of $3 billion. Meanwhile, Morgan Stanley is 'underweight' on Bharti Infratel. Here are the top brokerage calls for the day:

 Macquarie on ICICI Bank:  The $3 billion capital raise would further strengthen the bank's balance sheet, said the brokerage. It added that the capital raise doesn't necessarily indicate any asset quality issues.
Macquarie on ICICI Bank: The $3 billion capital raise would further strengthen the bank's balance sheet, said the brokerage. It added that the capital raise doesn't necessarily indicate any asset quality issues.
 Jefferies on ICICI Bank:  The brokerage is 'overweight' on the stock with a target at Rs 460 per share. It added that capital raise can dilute near-term RoEs.
Jefferies on ICICI Bank: The brokerage is 'overweight' on the stock with a target at Rs 460 per share. It added that capital raise can dilute near-term RoEs.
 Morgan Stanley on Bharti Infratel : The brokerage has an 'underweight' call on the stock with a target at Rs 175 per share. Extension for the long-stop date for Indus Towers merger not a surprise, it added.
Morgan Stanley on Bharti Infratel: The brokerage has an 'underweight' call on the stock with a target at Rs 175 per share. Extension for the long-stop date for Indus Towers merger not a surprise, it added.
 Macquarie on OMCs:  The brokerage sees value in OMCs with a pecking order of HPCL followed by BPCL and then IOC.
Macquarie on OMCs: The brokerage sees value in OMCs with a pecking order of HPCL followed by BPCL and then IOC.
 Morgan Stanley on IOC:  The brokerage maintained 'overweight' call on the stock with a target at Rs 127 per share. The company expects fuel price hikes to continue to maintain marketing margins.
Morgan Stanley on IOC: The brokerage maintained 'overweight' call on the stock with a target at Rs 127 per share. The company expects fuel price hikes to continue to maintain marketing margins.
 Morgan Stanley on GAIL:  The brokerage is 'overweight' on the stock with a target at Rs 153 per share. It added that the company's operations are near pre-COVID levels.
Morgan Stanley on GAIL: The brokerage is 'overweight' on the stock with a target at Rs 153 per share. It added that the company's operations are near pre-COVID levels.
 Credit Suisse on GAIL:  The brokerage said that it is positively surprised on higher margin for LPG and petchem segments.
Credit Suisse on GAIL: The brokerage said that it is positively surprised on higher margin for LPG and petchem segments.
 CLSA on Maruti:  The brokerage has a 'sell' call on the stock but raised the target to Rs 4,700 from Rs 4,235 earlier. The current stock price provides no cushion for negative surprises, it added.
CLSA on Maruti: The brokerage has a 'sell' call on the stock but raised the target to Rs 4,700 from Rs 4,235 earlier. The current stock price provides no cushion for negative surprises, it added.
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