Brokerage Radar: Credit Suisse believes that Metropolis Healthcare's stock is expensive despite the correction while Morgan Stanley sees Sobha well-positioned to benefit from a strong residential upcycle. Here are top brokerage calls for the day:
Nomura on Voltas | Valuations are factoring in a strong summer season, said Nomura while maintaining its 'neutral' rating on shares of Voltas.
Credit Suisse on Metropolis Health | The downside risk is still high and the stock is expensive despite the correction, according to Credit Suisse. The brokerage firm has retained its 'underperform' rating on the stock.
Morgan Stanley on Sobha | Sobha is well-positioned to benefit from a strong residential upcycle, as per Morgan Stanley. Further, supply-side consolidation will benefit large branded players, the brokerage firm added.
Morgan Stanley on Power Grid Corporation of India | The brokerage firm says near-term earnings visibility for Power Grid is reasonable. Additionally, asset monetisation should lead to increased dividend payout, Morgan Stanley added.