Brokerage Radar: Jefferies and Nomura say 'buy' Bharti Airtel shares while Morgan Stanley has slashed its target price on Dr Lal Pathlabs' stock. Here are top brokerage calls for the day-
Nomura on Bharti Airtel | The brokerage firm has maintained its 'buy' rating on the telco's stock with a target price of Rs 855. For the India wireless, higher average revenue per user and net additions drive further market share gains, the brokerage firm added.
Jefferies on Bharti Airtel | The brokerage firm has cut its EBITDA estimates by 1-2 percent on higher diesel prices. Jefferies has a 'buy' call on Bharti Airtel shares.
Morgan Stanley on Bajaj Electricals | The company is now net cash and more than one year ahead of guidance, said Morgan Stanley. The brokerage firm has maintained its 'equal-weight' on Bajaj Electricals' shares.
Morgan Stanley on Dr Lal Pathlabs | Despite the sharp year-to-date pullback, the brokerage firm still finds the company's stock valuation full. It also believes that Dr Lal Pathlabs' margin will remain capped in the near term.