Thursday's top brokerage calls: IndusInd Bank and Wipro

Thursday's top brokerage calls: IndusInd Bank and Wipro
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By CNBCTV18.com Jul 21, 2022 8:32:05 AM IST (Published)

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SUMMARY

MS maintains 'overweight' rating on the shares of IndusInd Bank with a target price of Rs 1,300, while CS maintains 'neutral' on the share of Wipro with a target price of Rs 415. Here are the top brokerage calls for the day -

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Morgan Stanley on IndusInd Bank | Morgan Stanley maintains 'overweight' rating on the shares of IndusInd Bank with a target price of Rs 1,300. The brokerage house sees slippages/credit cost moderating, which should drive 14-15 percent return on equity in FY23-24.

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Jefferies on IndusInd Bank | Jefferies maintain a 'buy' on the shares of IndusInd Bank with a target price of Rs 1,250. Slippages should moderate hereon, according to the brokerage house.

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Goldman Sachs on Wipro | Goldman Sachs maintains 'sell' on the shares of Wipro with a target price of Rs 374. Forecast EBIT margin of 16 percent, and reduced FY23-26e EPS estimates by 3-5 percent, the brokerage house says.

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Credit Suisse on Wipro | Credit Suisse maintains a 'neutral' call on the share of Wipro with a target price of Rs 415. The brokerage house believes that the second quarter growth guidance includes Rizing and Convergence acquisition impact of 1.3-1.5 percent.

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