Thursday's top brokerage calls: ITC, Reliance Industries, Maruti Suzuki and Zee Entertainment

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Motilal Oswal on ITC | The firm expects the company to post 15 percent earnings CAGR (compound annual growth rate) over FY22-24. It has upgraded the rating to 'buy' with a target of 335.

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JPMorgan on Reliance | The brokerage firm upgraded Reliance Industries rating to 'overweight' with a revised target price of Rs 3,170. JPMorgan also noted that RIL is amongst a few large companies in India with a positive earning revision cycle ahead.

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Jefferies on Maruti | Jefferies says that the falling metal prices should help Maruti Suzuki's margin bounce back from historical lows. The brokerage firm expects earning to more than triple over FY22-24.

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Credit Suisse on Zee Entertainment | The brokerage firm maintained an 'outperform' rating on Zee Entertainment shares with a target price of Rs 300. Credit Suisse said that missing out on IPL rights is not a bad  outcome for the media company.