Friday's top brokerage calls: HDFC Bank, GAIL and more

SUMMARY

Among brokerages, Jefferies is bullish on HDFC Bank and sees a 19 percent profit CAGR over FY21-24 for the lender. Meanwhile, CLSA has a 'buy' call on GAIL and Credit Suisse is 'neutral' on the stock. Here's a look at the top brokerage calls for the day:

By CNBCTV18.comJun 11, 2021 8:27:45 AM IST (Published)

Jefferies on HDFC Bank: The brokerage has a 'buy' call on the stock with a target at Rs 1,860 per share. It expects a 19 percent profit CAGR over FY21-24 for the lender. The company said that it sees SME loans to be the fastest-growing segment over the next 3-5 years.

CLSA on GAIL: The brokerage has a 'buy' call on the stock with a target at Rs 200 per share. It is confident that the company's performance will improve in FY22 as the LNG price rises. It also raised FY22-23 EPS estimates by 2-3 percent.

Credit Suisse on GAIL: The brokerage maintains a 'neutral' call on the stock with a target at Rs 165 per share. It raised FY22/23 EPS estimates by 13 percent/1 percent for the stock. It is neutral as GAIL is already reflecting the benefit of crude price hike.

Macquarie on Asian Paints: The brokerage has an 'outperform' call on the stock with a target at Rs 3,200 per share. The firm announced a 6-8 percent price hike in its wood finishes segment. It also raises expectations of a price rise in the firm's decorative portfolio, the brokerage said.

Macquarie on Divi's Labs: The brokerage has an 'outperform' call on the stock with a target at Rs 4,806 per share. It noted that commercialisation of Molnupiravir API could present a significant opportunity for the firm.