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    Tuesday's top brokerage calls: Avenue Supermarts, GSK Pharma, IndusInd Bank and more

    Tuesday's top brokerage calls: Avenue Supermarts, GSK Pharma, IndusInd Bank and more

    Tuesday's top brokerage calls: Avenue Supermarts, GSK Pharma, IndusInd Bank and more
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    By CNBCTV18.com  IST (Updated)

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    SUMMARY

    Among brokerages, Morgan Stanley downgraded Avenue Supermarts to 'equal-weight on high valuation and remains 'underweight' on GSK Pharma. Meanwhile, CLSA prefers Axis Bank, SBI and ICICI Bank in the banking space. Here are the top brokerage calls for today:

    1 / 7

    Morgan Stanley on Avenue Supermarts: The brokerage downgraded the stock to 'equal-weight' from 'overweight' with a target at Rs 3,275 per share. It prefers other opportunities like Britannia and Asian Paints.

    2 / 7

    Morgan Stanley on GSK Pharma: The brokerage maintains an 'underweight' call on the stock with a target at Rs 1,336 per share. Valuations look rick at current levels, it noted.

    3 / 7

    CLSA on Banks: Axis Bank, SBI and ICICI Bank remain the top picks in the banking space for the brokerage. Current prices imply long-term RoEs of 13.5-14 percent for ICICI Bank and Axis Bank, it added.

    4 / 7

    Credit Suisse on Coal India: The brokerage maintains an 'outperform' call on the stock with a target at Rs 195 per share. It also raised FY21 EPS on the back of higher-than-expected volumes.

    5 / 7

    Credit Suisse on L&T Fin: The brokerage maintains an 'outperform' call on the stock and raised its target to Rs 122 per share from Rs 76 earlier. It said that valuations are attractive at current levels.

    6 / 7

    Morgan Stanley on IndusInd Bank: The brokerage is 'overweight' on the stock with a target at Rs 1,225 per share.

    7 / 7

    Morgan Stanley India Equity: The brokerage feels the new growth cycle in the market is backed by strong policy measures coupled with global support. It favours domestic cyclicals over exporters, rate sensitives, small and midcaps over large caps.

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