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GMR Airports, Biocon, VRL Logistics: Thursday's top brokerage calls

GMR Airports, Biocon, VRL Logistics: Thursday's top brokerage calls
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By Sangam Singh  Dec 29, 2022 9:22:17 AM IST (Updated)

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SUMMARY

Kotak Institutional Equities has a 'buy' call on the shares of GMR Airports with a target price of Rs 43 on its shares while Motilal Oswal has a 'buy' call on the shares of VRL Logistics with a target price of Rs 730 on its shares.

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GMR Airports | Kotak Institutional Equities has a 'buy' call on the shares of GMR Airports with a target price of Rs 43 on its shares. The brokerage believes that monetisation can help increase GMR’s retail quotient and can take out corporate & standalone debt.

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VRL Logistics | Motilal Oswal has a 'buy' call on the shares of VRL Logistics with a target price of Rs 730 on its shares. The brokerage house says that the company's price hike in goods business will support margin.

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Biocon | Phillipcap has a 'buy' call on the shares of Biocon with a target price of Rs 350 on its shares. The brokerage house says that the company has successfully closed acquisition of Viatris Biosimilar operation.

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Gas Companies | Morgan Stanley believes gas demand will remain challenged with no material improvement. It says to prefers GAIL & IGL and is 'underweight' on Petronet LNG.

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