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Thursday's top brokerage calls: PSU banks, Gland Pharma and more

Updated : March 04, 2021 09:09 AM IST

Among brokerages, Morgan Stanley prefers SBI among PSU banks and also upgraded BoB and PNB to 'equal-weight' on cheap valuations. Meanwhile, Nomura initiated coverage on Gland Pharma with a 'neutral' rating and upgraded AIA Engineering to 'buy'. Here are the top brokerage calls for today:

 Morgan Stanley on PSU Banks:  The brokerage notes that PSU banks' balance sheets have improved. It prefers SBI amongst PSBs and sees continued structural challenges at others. It also upgraded BoB and PNB to equal-weight on cheap valuations.
Morgan Stanley on PSU Banks: The brokerage notes that PSU banks' balance sheets have improved. It prefers SBI amongst PSBs and sees continued structural challenges at others. It also upgraded BoB and PNB to equal-weight on cheap valuations.
 Nomura on AIA Engineering:  The brokerage upgraded the stock to 'buy' with a target at Rs 2,230 per share. It expects a strong 21 percent earnings growth in FY22 and 18 percent in FY23.
Nomura on AIA Engineering: The brokerage upgraded the stock to 'buy' with a target at Rs 2,230 per share. It expects a strong 21 percent earnings growth in FY22 and 18 percent in FY23.
 Nomura in Gland Pharma:  The brokerage initiated coverage on the stock with a 'neutral' rating and a target price of Rs 2,637 per share. It said that the firm is a play on niche sterile opportunity and has delivered 28.9 percent revenue CAGR over FY10-20.
Nomura in Gland Pharma: The brokerage initiated coverage on the stock with a 'neutral' rating and a target price of Rs 2,637 per share. It said that the firm is a play on niche sterile opportunity and has delivered 28.9 percent revenue CAGR over FY10-20.
 Citi on Adani Ports:  The brokerage maintains a 'buy' call on the stock with a target at Rs 935 per share. It added that the cash flows remain strong and the balance sheet for the company is healthy.
Citi on Adani Ports: The brokerage maintains a 'buy' call on the stock with a target at Rs 935 per share. It added that the cash flows remain strong and the balance sheet for the company is healthy.
 CLSA on Cadila:  The brokerage maintains a 'buy' call on the stock with a target at Rs 580 per share. It is confident in the firm's ability to sustain double-digit core earnings growth in FY23.
CLSA on Cadila: The brokerage maintains a 'buy' call on the stock with a target at Rs 580 per share. It is confident in the firm's ability to sustain double-digit core earnings growth in FY23.
 CLSA on Power Sector:  As per the brokerage, the peak power demand remains ahead of economic growth. It added that a 16 percent YoY rise in merchant power prices was a pleasant surprise.
CLSA on Power Sector: As per the brokerage, the peak power demand remains ahead of economic growth. It added that a 16 percent YoY rise in merchant power prices was a pleasant surprise.
 CLSA on Oil and Gas:  The brokerage prefers GSPL, IGL, MGL and Gujarat Gas in this space. It added that rising domestic output may keep Indian LNG demand growth muted.
CLSA on Oil and Gas: The brokerage prefers GSPL, IGL, MGL and Gujarat Gas in this space. It added that rising domestic output may keep Indian LNG demand growth muted.
Published : March 04, 2021 09:09 AM IST
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