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    Thursday's top brokerage calls: IGL, IPCA Labs and more

    Thursday's top brokerage calls: IGL, IPCA Labs and more

    Thursday's top brokerage calls: IGL, IPCA Labs and more
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    By CNBCTV18.com  IST (Published)

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    SUMMARY

    Among brokerages, Macquarie downgraded IGL post March quarter earnings, while CLSA and Morgan Stanley remained bullish on the stock. Here are the top brokerage calls for the day:

    1 / 6

    CLSA on IGL: The brokerage maintained 'outperform' call on the stock but cut target to Rs 525 per share from Rs 570 earlier. The company is the best volume growth story in the city gas space, it added.

    2 / 6

    CLSA on IPCA Labs: The brokerage reiterated its 'sell' call on the stock with the target cut to Rs 1,230 from Rs 1,360 earlier. CLSA sees risk to margin expansion for the firm in FY22 as investment phase returns.

    3 / 6

    Macquarie on IGL: The brokerage downgraded the stock to 'neutral' with a target at Rs 485 per share. It added that the stock is now fully valued and it doesn’t see much impact on the company’s long-term growth outlook.

    4 / 6

    Morgan Stanley on IGL: The brokerage maintained 'overweight' call on the stock with a target at Rs 471 per share. IGL showed good earnings and volume resilience, said the brokerage, adding that it is expanding rapidly, growing infrastructure by 12 percent.

    5 / 6

    Credit Suisse on IGL: The brokerage maintained a 'neutral' call on the stock with a target at Rs 410 per share. CS said that Q4 was good but volumes are likely to be weak.

    6 / 6

    Jefferies on HEG: Jefferies has a 'buy' call on HEG on an inexpensive valuation. The company's balance sheet remains robust with a sizeable cash pile, it added.

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