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Thursday's top brokerage calls: RBI policy, steel stocks and more

Updated : April 08, 2021 08:56 AM IST

Credit Suisse prefers Tata Steel and JSPL among steel companies while Morgan Stanley and Nomura have shared their views on the RBI monetary policy announced yesterday. Here are the top brokerage calls for today:

 Morgan Stanley on RBI Policy:  Managing liquidity and commitment to buy G-Sec indicates a more dovish stance, said the brokerage. It feels that as growth conditions normalise, RBI should take steps to normalise the policy.
Morgan Stanley on RBI Policy: Managing liquidity and commitment to buy G-Sec indicates a more dovish stance, said the brokerage. It feels that as growth conditions normalise, RBI should take steps to normalise the policy.
 Nomura on RBI Policy:  The brokerage feels RBI's policy decision is less dovish than what meets the eye. It added that managing the yield curve may be challenging if long-term inflation expectations rise.
Nomura on RBI Policy: The brokerage feels RBI's policy decision is less dovish than what meets the eye. It added that managing the yield curve may be challenging if long-term inflation expectations rise.
 Credit Suisse on Steel:  Indian steel pricing rose $50/t this week in the trader's market, said the brokerage, adding that the prices are likely to be elevated on-demand recovery, shortage and cost-push. It likes Tata Steel and JSPL in the space.
Credit Suisse on Steel: Indian steel pricing rose $50/t this week in the trader's market, said the brokerage, adding that the prices are likely to be elevated on-demand recovery, shortage and cost-push. It likes Tata Steel and JSPL in the space.
 Citi on Steel:  The brokerage raises FY22 EBITDA estimate by 12-20 percent for JSW Steel, JSPL & SAIL.
Citi on Steel: The brokerage raises FY22 EBITDA estimate by 12-20 percent for JSW Steel, JSPL & SAIL.
 Macquarie on IT Sector:  The brokerage sees strong demand tailwinds for Indian IT aided by cloud and digital transformation. Top large-cap picks in the IT space for Macquarie are Infosys and HCL Tech.
Macquarie on IT Sector: The brokerage sees strong demand tailwinds for Indian IT aided by cloud and digital transformation. Top large-cap picks in the IT space for Macquarie are Infosys and HCL Tech.
 CLSA on IT Sector:  As per the brokerage, the strength of deal activity is in line with recent commentaries by Indian IT companies.
CLSA on IT Sector: As per the brokerage, the strength of deal activity is in line with recent commentaries by Indian IT companies.
 CLSA on Bharti Airtel:  The brokerage maintains a 'buy' call on the stock with a target at Rs 730 per share.
CLSA on Bharti Airtel: The brokerage maintains a 'buy' call on the stock with a target at Rs 730 per share.
Published : April 08, 2021 08:56 AM IST
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