Among brokerages, Jefferies is bullish on Supreme Industries while CLSA says ad revenues for media firms are at 80 percent pre-COVID level and will grow in H2. It expects Zee to lead. Here are the top brokerage calls for today:
Jefferies on Supreme Industries: The brokerage maintains a 'buy' call on the stock with a target at Rs 1,480 per share. It expects the company to report sales/profit CAGR of 10 percent/16 percent over FY20-23.
CLSA on media Sector: The brokerage said that ad revenues are at 80 percent pre-COVID level and will grow in H2. It expects Zee to lead ad revenue at 13/15 percent YoY growth in FY22/23.
CLSA on India capex: The brokerage believes $15 billion bullet train is set to roll; it’s likely to enter the award phase. Key beneficiaries of this project will be L&T and Tata, it added.