Friday's top brokerage calls: SBI, HPCL and more

SUMMARY

Among brokerages, Citi and CLSA are bullish on SBI and raised its target price on the back of its better than expected December quarter numbers. Credit Suisse has a 'neutral' call on HPCL on slower recovery in refining and CLSA has a 'sell' call on Godrej Properties. Here are the top brokerage calls for today:

By CNBCTV18.comFeb 5, 2021 9:01:47 AM IST (Published)

CLSA on SBI: The brokerage maintains a 'buy' call on the stock and raised its target to Rs 560 per share from Rs 385 earlier. It expects a big rerating for the stock on the back of much better than expected Q3 earnings.

Citi on SBI: The brokerage maintains a 'buy' call on the stock and raised its target to Rs 430 per share from Rs 350 earlier. Lower than expected stress level and strong deposit traction should drive earnings, it added.

Credit Suisse on SBI: The brokerage has an 'outperform' call on the stock and raised its target to Rs 460 per share from Rs 270 earlier. It expects growth to pick up and sees RoEs improving to over 12.5 percent.

Credit Suisse on HPCL: The brokerage has a 'neutral' call on the stock with a target at Rs 242 per share. It cut FY21 EPS by 21 percent to account for slower recovery in refining.

CLSA on Zee: The brokerage has a 'buy' call on the stock with a target at Rs 306 per share. Ad Revenue recovered faster than expected, said the brokerage adding that the stock offers value at current levels.

CLSA on Godrej Properties: The brokerage has a 'sell 'call on the stock with a target at Rs 1,201 per share. It noted that the firm reported strong growth performance but weak profitability in Q3. It also cut FY21-23 EPS estimates on lower margin expectations.

CLSA on Tata Power: The brokerage has a 'buy' call on the stock and raised its target to Rs 107 per share from Rs 74 earlier. It also lift EPS estimates by 16-25 percent to factor in its tax-efficient structure.

CLSA on NTPC: The brokerage has a 'buy' call on the stock with a target at Rs 140 per share. It sees RoEs improving over 160 bps over FY21-23.