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Friday's top brokerage calls: ONGC, Motherson Sumi and more

Updated : June 04, 2021 08:37 AM IST

Among brokerages, JPMorgan is bullish on ONGC while Citi downgraded Motherson Sumi to 'sell' after its March quarter results. CLSA is bullish on RIL and GSPL. Here's a look at the top brokerage calls for today:

 JPMorgan on ONGC:  The brokerage has a 'buy' call on the stock with a target at Rs 190 per share. Its oil prices outlook is firmly biased towards the upside and sees a large consensus earnings upgrade cycle ahead.
JPMorgan on ONGC: The brokerage has a 'buy' call on the stock with a target at Rs 190 per share. Its oil prices outlook is firmly biased towards the upside and sees a large consensus earnings upgrade cycle ahead.
 Citi on Motherson Sumi:  The brokerage downgraded the stock to 'sell' with a target at Rs 215 per share. It said that uncertainty continues on the Indian business post restructuring and that risk-reward appears unfavorable.
Citi on Motherson Sumi: The brokerage downgraded the stock to 'sell' with a target at Rs 215 per share. It said that uncertainty continues on the Indian business post restructuring and that risk-reward appears unfavorable.
 CLSA on RIL:  The brokerage has an 'outperform' call on the stock with a target at Rs 2,250 per share. It said that earnings upgrades are still unlikely despite the recent petchem spike.
CLSA on RIL: The brokerage has an 'outperform' call on the stock with a target at Rs 2,250 per share. It said that earnings upgrades are still unlikely despite the recent petchem spike.
 CLSA on GSPL:  The brokerage has a 'buy' call on the stock with a target at Rs 410 per share. The firm had a steady quarter, said the brokerage and added that the volumes were in line but profit beat analysts' estimates.
CLSA on GSPL: The brokerage has a 'buy' call on the stock with a target at Rs 410 per share. The firm had a steady quarter, said the brokerage and added that the volumes were in line but profit beat analysts' estimates.
 Jefferies on HEG:  The brokerage has a 'buy' rating on the stock with a target at Rs 2221 per share. It stated that operational cycles are turning favourable for graphite electrodes and that electrode prices have risen 20 percent YTD.
Jefferies on HEG: The brokerage has a 'buy' rating on the stock with a target at Rs 2221 per share. It stated that operational cycles are turning favourable for graphite electrodes and that electrode prices have risen 20 percent YTD.
Published : June 04, 2021 08:37 AM IST
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