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Friday's top brokerage calls: Gujarat Gas, PowerGrid and more

Friday's top brokerage calls: Gujarat Gas, PowerGrid and more

Friday's top brokerage calls: Gujarat Gas, PowerGrid and more
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By CNBCTV18.com Jun 18, 2021 8:39:01 AM IST (Published)

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SUMMARY

Among brokerages, Morgan Stanley is bullish on Gujarat Gas while CLSA has 'buy' calls on PowerGrid, Sun Pharma and Axis Bank. Here's a look at the top brokerage calls for today:

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Morgan Stanley on Gujarat Gas: The brokerage is 'overweight' on the stock with the target at Rs 733 per share. It said that higher penetration should help margin.

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CLSA on PowerGrid: The brokerage has a 'buy' call on the stock with the target at Rs 275 per share. It said that valuation is inexpensive at current levels and raised FY22/23 EPS estimate by 5 percent.

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CLSA on Sun Pharma: The brokerage maintains a 'buy' call on the stock with the target at Rs 850 per share. It said that the company should maintain double-digit YoY India growth in FY21-24. It is bullish on India business and global specialty ramp-up.

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CLSA on Axis Bank: The brokerage has a 'buy' call on the stock with the target at Rs 1,025 per share. It expects Axis Bank’s RoE to rise by 15 percent by FY22/23; valuations are below the long-term average, the brokerage said.

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Credit Suisse on OMCs: As per the brokerage, it's time to focus on post-divestment changes in the oil marketing sector. It prefers BPCL among OMCs.

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Credit Suisse on NBFCs: The brokerage cut FY22 estimate for NBFCs by 10-16 percent on higher provisions and lower loan growth. Shriram Transport is its top pick in the space while it is cautious on M&M Fin.

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