SUMMARY
Brokerage Radar: Goldman Sachs says 'buy' Ambuja Cements' shares whereas BofAML sees Axis Bank as a re-rating candidate. Meanwhile, Morgan Stanley believes that valuation of SBI Life Insurance Company is attractive at current levels. Here are top brokerage calls for this morning -
1 / 5
BofAML on Axis Bank | The brokerage firm sees room for further re-rating for Axis Bank on the basis of earnings consistency. The brokerage firm has maintained its 'buy' rating on shares of Axis Bank.
2 / 5Morgan Stanley on SBI Life Insurance Company | Valuation of SBI Life Insurance Company appears attractive at current levels, said Morgan Stanley. The brokerage firm has maintained its 'overweight' rating on the insurance company's stock.
3 / 5Credit Suisse on SBI Life | Valuation captures much of the underlying sentiment, said Credit Suisse has a 'neutral' call on SBI Life stock. The brokerage firm has cut EPS estimates for FY23 and FY24 by 2 percent owing to higher claims.
4 / 5Goldman Sachs on Axis Bank | The company may grow its earnings at 29 percent compounded annually over FY22-25, according to Goldman Sachs. The brokerage firm has a 'buy' recommendation on the bank's stock.
5 / 5Goldman Sachs on Ambuja Cements | The cement manufacturer may continue to narrow the profitability gap with industry leaders, as per Goldman Sachs. The brokerage firm says 'buy' the cement maker's shares.
