These are Tuesday's biggest brokerage calls: Voltas, Britannia and more

SUMMARY

Indian shares are likely to open on a positive note on Tuesday, tracking gains in Asian peers, even as investors continue to weigh the economic impact of the ongoing coronavirus outbreak. Among brokerages, CLSA raised the target price for Voltas, while Credit Suisse has a 'neutral' rating on Britannia. Here are the top brokerage calls for Tuesday:

By CNBC-TV18Feb 11, 2020 8:08:55 AM IST (Published)

Jefferies on Voltas: The brokerage maintains a 'buy' call on the stock with a target at Rs 800 per share. Q3 results operationally in-line with expectations, it added.

CLSA on Voltas: The brokerage retains a 'sell' rating on the stock but raised the target to Rs 610 per share from Rs 545 earlier. It added that expensive valuation should restrict incremental upside to the stock.

Credit Suisse on Britannia: The brokerage has a 'neutral' rating on the stock but cut its target to Rs 3,200 from Rs 3,240 per share. Slowdown and rising cost pressures create a tough environment going ahead, it added.

Morgan Stanley on Petronet LNG: The brokerage has an 'overweight' call on the stock with a target at Rs 341 per share. The company is the best play on India's energy transition to gas and EVs.

Jefferies on Petronet LNG: The brokerage has a 'buy' call on the stock with a target at Rs 350 per share.

Jefferies on GAIL: The brokerage said that the performance of the company was strong across most segments. It also lifts the firm's FY20 EPS estimate by 5 percent.

Morgan Stanley on Motherson Sumi: The brokerage maintains 'overweight' rating on the stock but cut its target to Rs 149 per share from Rs 157 earlier.

Morgan Stanley on Bharat Forge: The brokerage has an 'equal-weight' call on the stock with a target ar Rs 401 per share. It added that valuation has corrected but remains lofty.

Credit Suisse on M&M: The brokerage has an 'outperform' rating on the stock with a target at Rs 740 per share.

CLSA on Oil India: The brokerage has a 'buy' rating on the stock with target cut to Rs 195 per share from Rs 225 earlier. It also cut FY20-22 EPS estimates by 10-27 percent.

CLSA on GAIL: The brokerage maintains a 'buy' call on the stock with a target at Rs 140 per share. GAIL’s Q3 profit is 11 percent ahead of expectations, according to CLSA.