Friday's top brokerage calls: Infosys, Jubilant Foodworks and more

SUMMARY

Among brokerages, Citi and Macquarie are bullish on Infosys post the Kaleidoscope Innovation acquisition. Meanwhile, CLSA downgraded Jubilant Food to 'underperform' from 'outperform'. Here are the top brokerage calls for today:

By CNBCTV18.comSept 4, 2020 8:58:05 AM IST (Published)

Citi on Infosys: The brokerage initiated a 'buy' call on the stock with a target at Rs 1,000 after the company’s announcement of Kaleidoscope Innovation acquisition. It added that large deal momentum gives comfort on visibility.

Macquarie on Infosys: The brokerage maintained 'outperform' call on the stock and raised the target to Rs 1,130 per share from Rs 910 earlier. It expects the company to post the strongest dollar revenue growth over FY21-23 amongst large-cap IT companies.

CLSA on Jubilant Foodwoks: The brokerage downgraded the stock to 'underperform' from 'outperform', but raised its target to Rs 2,245 from Rs 2,090 earlier. It believes the valuation is rich at current levels.

Jefferies on Adani Ports: The brokerage maintained a 'buy' call on the stock with a target at Rs 415 per share. It added that the firm has the balance sheet strength to acquire and bid for incremental assets.

CLSA on CreditAccess: The brokerage initiated coverage on CreditAccess with a 'buy' rating. It believes the company is better placed to capture the Indian MFI opportunity.