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Wednesday's top brokerage calls: SC's moratorium order, Bharti Airtel and more

Updated : March 24, 2021 09:05 AM IST

Among brokerages, Jefferies and Phillip Capital believe that SC's order on moratorium is a net positive while Morgan Stanley remains 'overweight' on Adani Ports and Bharti Airtel. Here are the top brokerage calls for today:

 Jefferies on SC moratorium order:  Supreme Court ruled that it won't extend loan moratorium period and also lifted standstill on NPA classification. This can abate the overhang of extensions and lenders will downgrade loans and initiate recovery, Jefferies says.
Jefferies on SC moratorium order: Supreme Court ruled that it won't extend loan moratorium period and also lifted standstill on NPA classification. This can abate the overhang of extensions and lenders will downgrade loans and initiate recovery, Jefferies says.
 Phillip Capital on SC moratorium order:  Interest on interest for loans up to Rs 2 crore was borne by govt, hence the balance could also be made good by the government, PhillipCap said. It added that further clarity on the compound interest aspect is awaited.
Phillip Capital on SC moratorium order: Interest on interest for loans up to Rs 2 crore was borne by govt, hence the balance could also be made good by the government, PhillipCap said. It added that further clarity on the compound interest aspect is awaited.
 Morgan Stanley on SC moratorium order:  The brokerage believes that SC’s judgment is a net positive as it will help recognise bad loans. It added that SC's judgment may also help improve recovery run rate.
Morgan Stanley on SC moratorium order: The brokerage believes that SC’s judgment is a net positive as it will help recognise bad loans. It added that SC's judgment may also help improve recovery run rate.
 Morgan Stanley on Bharti Airtel:  The brokerage is 'overweight' on the stock with a target at Rs 760 per share. The company's Africa arm announced yesterday it is entering into a tower sale agreement for Madagascar, Malawi, Chad & Gabon assets.
Morgan Stanley on Bharti Airtel: The brokerage is 'overweight' on the stock with a target at Rs 760 per share. The company's Africa arm announced yesterday it is entering into a tower sale agreement for Madagascar, Malawi, Chad & Gabon assets.
 Morgan Stanley on Adani Ports:  The brokerage is 'overweight' on the stock with a target at Rs 760 per share. It believes that the Gangavaram port deal is value accretive.
Morgan Stanley on Adani Ports: The brokerage is 'overweight' on the stock with a target at Rs 760 per share. It believes that the Gangavaram port deal is value accretive.
 Jefferies on HDFC Bank:  The brokerage has a 'buy' call on the stock with a target at Rs 1,860 per share. With consolidation among the PSU banks, some corporates are now looking to diversify their funding sources that offer HDFC Bank to gain share, the brokerage said. It sees a 20 percent CAGR in profit over FY20-23 for the private bank.
Jefferies on HDFC Bank: The brokerage has a 'buy' call on the stock with a target at Rs 1,860 per share. With consolidation among the PSU banks, some corporates are now looking to diversify their funding sources that offer HDFC Bank to gain share, the brokerage said. It sees a 20 percent CAGR in profit over FY20-23 for the private bank.
 CLSA on Telecom:  Vi has hiked tariffs for select postpaid plans by 7-9 percent. The hikes will boost Vi's revenue by a mere 1 percent since they are in select plans, said the brokerage.
CLSA on Telecom: Vi has hiked tariffs for select postpaid plans by 7-9 percent. The hikes will boost Vi's revenue by a mere 1 percent since they are in select plans, said the brokerage.
 CLSA on Varun Beverages:  The brokerage has a 'buy' call on the stock with a target at Rs 1,200 per share. The annual report shows improving fundamentals with positive free cash flow for the first time in 5 years, it said.
CLSA on Varun Beverages: The brokerage has a 'buy' call on the stock with a target at Rs 1,200 per share. The annual report shows improving fundamentals with positive free cash flow for the first time in 5 years, it said.
Published : March 24, 2021 09:05 AM IST
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