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Wednesday's top brokerage calls: Aurobindo Pharma, Indraprastha Gas and more

Wednesday's top brokerage calls: Aurobindo Pharma, Indraprastha Gas and more

Wednesday's top brokerage calls: Aurobindo Pharma, Indraprastha Gas and more
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By CNBCTV18.com Nov 10, 2021 8:12:02 AM IST (Published)

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SUMMARY

CLSA has upgraded its rating on shares of Aurobindo Pharma to 'buy' from 'outperform' but has downgraded its rating on shares of Indraprastha Gas to 'outperform' from 'buy'. Here are the top brokerage calls for the day:

CLSA on Power Grid, Power Grid share price, stock market, brokerage calls
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CLSA on Power Grid Corporation of India | Power Grid's stock has an attractive dividend yield, CLSA said. The brokerage has maintained its 'buy' rating on the company's shares.

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CLSA on Aurobindo Pharma | CLSA has upgraded its rating on shares of Aurobindo Pharma to 'buy' from 'outperform' but lowered its earnings per share (EPS) estimates by 2-4 percent for FY22-23.

CLSA on Indraprastha Gas, Indraprastha Gas, Indraprastha Gas share price, stock market
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CLSA on Indraprastha Gas | CLSA has downgraded its rating on shares of Indraprastha Gas to 'outperform' from 'buy' given the recent spike in spot LNG prices. The brokerage has also cut its target price for the stock to Rs 540 from Rs 630 and cautioned that profitability remains a concern.

Kotak Institutional Equities on MRF, MRF share price, MRF, stock market, brokerage calls
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Kotak Institutional Equities on MRF | Higher raw material costs and inferior product mix will continue to put pressure on MRF's margin going forward, Kotak Institutional Equities said. The company has lost market share in medium and heavy commercial vehicle and passenger car radial segments, which is a cause for concern, Kotak Equities added.

Goldman Sachs on Bharat Heavy Electricals, BHEL, BHEL share price, stock market, brokerage calls
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Goldman Sachs on Bharat Heavy Electricals Ltd | The brokerage sees limited opportunities for the company to improve its profitability from here on. Goldman Sachs has maintained its 'sell' recommendation on the stock.

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