JPMorgan intitiated 'overweight' on the shares of LIC, whereas Jefferies believe that cement stocks may remain under pressure until any major price hikes are in place. Here are top brokerage calls for the day -
JPMorgan on LIC | The brokerage house noted that the company has picked up growth recently and forecast 6 percent growth over FY22-24. According to JPMorgan, LIC's new business value is only one percent of its policies in force.
Jefferies on Sun Pharma | Jeffries upgraded the rating to 'buy' for Sun Pharma shares, with a revised target price of Rs 910. According to the brokerage house, the company's growth is expected to be driven by its specialty portfolio and India hereon.
CLSA on Britannia | CLSA maintained an 'outperform' call for shares of Britannia with a target price of Rs 3,850. It has a healthy cash generation to support growth needs, CLSA said.
Jefferies on Cement | Shree Cement has announced a greenfield capex in market of Andhra by FY25. Jefferies said that the stocks may remain under pressure until any major price hikes are in place.