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Wednesday's top brokerage calls: Macrotech Developers, SBI Cards and TeamLease

Wednesday's top brokerage calls: Macrotech Developers, SBI Cards and TeamLease

Wednesday's top brokerage calls: Macrotech Developers, SBI Cards and TeamLease
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By CNBCTV18.com Dec 29, 2021 8:49:52 AM IST (Published)

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SUMMARY

The recent correction in the stock price has prompted Kotak Equities to upgrade its rating on TeamLease shares while Morgan Stanely has maintained its 'equal-weight' rating on Macrotech Developer's stock. Here are the top brokerage calls for the day:

Morgan Stanley on Macrotech Developers, Macrotech Developers, share price, stock market, brokerage calls
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Morgan Stanley on Macrotech Developers | The company's focus on growing core business and monetisation of inventory gives good cash flow visibility, said Morgan Stanely while maintaining its 'equal-weight' rating on Macrotech Developer's stock.

Morgan Stanley on SBI Cards, SBI Cards, stock market, brokerage calls, share price
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Morgan Stanley on SBI Cards and Payment Services | The brokerage has maintained its 'overweight' rating on shares of SBI Cards. After a strong October for the industry, spending moderated in November, Morgan Stanley said.

Kotak Institutional Equities on TeamLease, TeamLease, share price, stock market, brokerage calls
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Kotak Institutional Equities on TeamLease | The company remains well-positioned to see a healthy increase in general staffing headcount, said the brokerage house. The recent correction in the stock price has prompted Kotak Equities to upgrade its rating on TeamLease shares to 'buy' from 'reduce'.

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