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Monday's top brokerage calls: Avenue Supermart and Tata Consultancy Services
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Monday's top brokerage calls: Avenue Supermart and Tata Consultancy Services
Jul 10, 2022 11:22 PM

Jefferies on Avenue Supermart | Jefferies maintains a 'hold' on the shares of Avenue Supermart with a target price of Rs 3,900. The brokerage house noted a Q1 EBITDA beat on better gross margin.

MS on Avenue Supermart | Morgan Stanley maintains an 'overweight' on the shares of Avenue Supermart with a target price of Rs 4,322. The brokerage house says that the demand outlook is improving, as normalcy sets in.

Credit Suisse on Tata Consultancy Services | Credit Suisse downgraded the rating on the shares of TCS to 'neutral' with a revised target of Rs 3,275. The brokerage firm said that Q1 revenue in-line with miss on margin.

JPMorgan on Tata Consultancy Services | JPMorgan maintains an 'underweight' on the shares of TCS with a target price of Rs 2,800. The brokerage house says that revenue headwinds in H2 is expected as macro concerns materialise.

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