Friday's top brokerage calls: RBL Bank, Lupin, Gujarat Gas and IndiGo

SUMMARY

Credit Suisse has upgraded its rating on Lupin's stock to 'neutral' while JP Morgan expects RBL Bank shares to struggle due to the bank's weaker print on asset quality and growth. Here are the top brokerage calls for the day:

By CNBCTV18.comOct 29, 2021 8:45:11 AM IST (Published)

JP Morgan on RBL Bank | The banking stock may struggle due to the bank's weaker print on asset quality and growth, JP Morgan said. The brokerage has maintained a 'neutral' rating on shares of RBL Bank.

Goldman Sachs on IndiGo | InterGlobe Aviation's Q2 results surprised the brokerage positively on yields. Goldman Sachs sees significant improvement going ahead and believes risk-reward is fairly balanced.

Credit Suisse on Gujarat Gas | For the stock to perform, spot gas price needs to come down, Credit Suisse said. The brokerage firm believes that volumes are strong but margin pressure is likely to continue until spot prices cool off.

Credit Suisse on Lupin | The brokerage has trimmed EPS estimates for Lupin by 26 percent for FY22, by 11 percent for FY23 and by 9 percent for FY24 owing to a weak Q2 performance. Credit Suisse has upgraded the rating on the stock to 'neutral'.