SUMMARY
Goldman Sachs and Kotak Institutional Equities had cut EPS estimates for TCS while Citi believes there are downside risks in the near term emanating from the global chip shortage for Motherson Sumi. Here are top brokerage calls for the day:
1 / 5
Goldman Sachs on TCS | The brokerage has cut estimates by 1-2 percent for the IT major over FY22-26. Goldman Sachs sees a strong deal pipeline given the strong underlying demand momentum.
2 / 5UBS on TCS | UBS expects shares of the IT company to consolidate hereon with a slight downward bias. The rest of the earnings season should offer more clues, UBS added
3 / 5Kotak Institutional Equities on TCS | TCS is better positioned that peers to manage margin headwinds, according to Kotak Institutional Equities. The brokerage has cut FY22-24 earnings per share estimates by 3-4 percent.
4 / 5Morgan Stanley on Tata Motors | Jaguar Land Rover's Q2 sales were in line with guidance but the company did not guide for Q3, Morgan Stanley noted. Free cash flow generation for Q2 came in better than the guided outflow figure, the brokerage pointed out.
5 / 5Citi on Motherson Sumi | There are downside risks in the near term emanating from global chip shortage, Citi said while maintaining its 'sell' rating on Motherson Sumi's stock. Besides, there is uncertainty regarding the restructuring of India business, the brokerage added.
