Monday's top brokerage calls: Infosys, HDFC Bank, Tata Power and NTPC

SUMMARY

Brokerage Radar: Morgan Stanley has downgraded its rating on shares of Tata Power while CLSA prefers ICICI Bank, Axis Bank and State Bank of India over HDFC Bank. Meanwhile, Goldman Sachs sees this weakness as a buying opportunity in Infosys. Here are the top brokerage calls for this morning:

By CNBCTV18.comApr 18, 2022 8:41:27 AM IST (Published)

CLSA on HDFC Bank | The brokerage firm prefers ICICI Bank, Axis Bank and State Bank of India over HDFC Bank. CLSA expects earnings resilience for HDFC Bank to remain high.

Morgan Stanley on Infosys | The brokerage firm says one should stay constructive on growth momentum of the IT major. Morgan Stanley says it would view corrections as a buying opportunity.

Goldman Sachs on Infosys | The brokerage firm sees this weakness as a buying opportunity and has cut EPS estimates for FY23 by 2 percent, for FY24 by 6 percent, for FY25 by 4 percent and by 3 percent for FY26.

Credit Suisse on Infosys | The brokerage firm has slashed its target price on the stock to Rs 2,050 from Rs 2,350 and has also cut FY23 and FY24 EPS estimates by 7.5-8.3 percent. Even as this weak quarter was driven by one-off reversals, FY23 outlook appears to be a mixed bag, the brokerage firm said.

Morgan Stanley on Tata Power | The brokerage firm has downgraded its rating on shares of Tata Power to 'underperform' as it believes the stock lacks catalysts.

Morgan Stanley on NTPC | The brokerage firm has maintained its 'overweight' rating on shares of NTPC and has hiked its target price to Rs 186 from Rs 150.

CLSA on Tata Power | The brokerage firm has maintained its sell rating on the power company's stock as the strategic renewables deal lifts EPS estimates by 3-5 percent on deleveraging.