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    Top brokerage calls for January 3: Goldman Sachs upgrades ONGC; Credit Suisse 'underweight' on Infosys

    Top brokerage calls for January 3: Goldman Sachs upgrades ONGC; Credit Suisse 'underweight' on Infosys

    Top brokerage calls for January 3: Goldman Sachs upgrades ONGC; Credit Suisse 'underweight' on Infosys
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    By CNBC-TV18  IST (Updated)

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    SUMMARY

    Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open higher on Friday, following gains in global shares as investors cheered Beijing’s monetary policy easing decision and upbeat cues on the Sino-US trade deal front. Among brokerages, Goldman Sachs upgraded ONGC and Oil India, while Credit Suisse is 'underweight' on Infosys. Here are the top brokerage calls for Friday.

    Goldman Sachs on Oil & Gas:
    1 / 10

    Goldman Sachs on Oil & Gas: The brokerage upgraded ONGC and Oil India to 'buy' from 'neutral'. As per the brokerage, positive catalysts are likely to reverse underperformance. Key catalysts are improvement in upstream equity sentiment in H2, volume trends, it added.

    Credit Suisse on IT Sector:
    2 / 10

    Credit Suisse on IT Sector: The brokerage expects Q3 to be muted from a revenue perspective due to weakness in two large verticals - BFSI and retail. It is 'overweight' on HCL Tech, Tech Mahindra, L&T Infotech, and 'underweight' on Infosys.

    Credit Suisse on Sun Pharma:
    3 / 10

    Credit Suisse on Sun Pharma: The brokerage maintained a 'neutral' call on the stock with a target at Rs 450 per share. The brokerage said a warning letter from USFDA is unlikely for Halol facility, adding that approvals are likely to be delayed for 3-6 months.

    Credit Suisse on Auto:
    4 / 10

    Credit Suisse on Auto: Wholesales appear to be stabilising, said the brokerage, adding that retail sustenance holds the key. PV industry wholesales could start growing again in the interim, it added.

    Nomura on Auto:
    5 / 10

    Nomura on Auto: The brokerage has 'buy' ratings on M&M, Ashok Leyland and reduce on Eicher Motors, TVS Motor Company.

    Morgan Stanley on JSPL:
    6 / 10

    Morgan Stanley on JSPL: The brokerage is 'overweight' on the stock with a target at Rs 174 per share. The company reported strong volume growth for standalone business an Oman business.

    Morgan Stanley on NTPC:
    7 / 10

    Morgan Stanley on NTPC: The brokerage is 'overweight' on the stock with a target at Rs 152 per share. The brokerage believes share price will rise in absolute terms over the next 15 days.

    IDFC Securities on Apollo Hospitals:
    8 / 10

    IDFC Securities on Apollo Hospitals: The brokerage has an 'outperform' rating on the stock with a target at Rs 1,738 per share. The recently concluded big-ticket expansion has created a strong growth platform, it said, adding earnings recovery is visible from the last 8 quarters now.

    Nomura on TRAI Order:
    9 / 10

    Nomura on TRAI Order: As per the brokerage, tariff order amendments to impact broadcast companies. Prima facie, order looks to achieve channel selection ability for consumers, it added.

    Credit suisse on Crompton Consumer:
    10 / 10

    Credit Suisse on Crompton Consumer: The brokerage maintained 'outperform' call on the stock with a target at Rs 310 per share.

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