Thursday's top brokerage calls: Dalmia Bharat, ITC and more

SUMMARY

Among brokerages, Goldman Sachs is bullish on Dalmia Bharat and Bandhan Bank while Morgan Stanley initiated coverage on ITC with an 'overweight' rating and a target at Rs 251 per share. Here are the top brokerage calls for today:

By CNBCTV18.comMar 18, 2021 9:10:34 AM IST (Published)

Goldman Sachs on Dalmia Bharat: The brokerage maintained a 'buy' call on the stock with a target at Rs 1,715 per share. It said that mutual fund units released in favour of the company are positive.

Goldman Sachs on Bandhan Bank: The brokerage maintained a 'buy' call on the stock with a target at Rs 484 per share. It added that despite the stress, the bank can comfortably deliver RoA of 4.6 percent and RoE of 26 percent in FY22-23.

Morgan Stanley on ITC: The brokerage initiated coverage on the stock with an 'overweight' rating and a target at Rs 251 per share. It expects moderate tax increases over the medium term to bring profitability back to the cigarette business.

Credit Suisse on Steel: The brokerage expects integrated domestic spreads to remain elevated in FY22. It likes Tata Steel & JSPL in the Indian steel space.

CLSA on M&M: The brokerage has a 'buy' call on the stock with a target at Rs 1,150 per share. However, it cut FY21-23 core EPS by 3-7 percent to factor in volume losses due to chip shortages.