Brokerage Radar: Here's what Jefferies and Morgan Stanley say about ITC while CLSA says 'buy' Manappuram Finance shares. Meanwhile, CLSA sees a 14-15 percent return on equity for LIC Housing shares. Check out today's brokerage calls here-
Jefferies on ITC | Improvement in dividend pay-out drives up return on equity to a 7-year high of 25 percent, said Jefferies. The brokerage firm has maintained its 'buy' rating on the stock.
Morgan Stanley on ITC | Strong results and negative near-term earnings drivers augurs well for ITC's stock performance, said Morgan Stanley. It has raised its target price on the stock to Rs 293 from Rs 276 while maintaining its 'overweight' rating on the FMCG stock.
CLSA on Manappuram Finance | The company expects a 14-15 percent return on equity for the standalone entity, according to CLSA. The brokerage firm said that the company saw a muted quarter on growth and profitability fronts but the outlook is slightly better.
CLSA on LIC Housing Finance | The non-bank lender's asset quality improvement is in-line with peers, said CLSA. It sees the return on equity to be 14-15 percent.