Friday's top brokerage calls: TCS, Infosys, HCL Tech and Amber Enterprises

SUMMARY

Considering large valuation discounts to Accenture, Morgan Stanley sees room for Indian IT stocks to react positively, while Jefferies has maintained its 'buy' rating on shares of Amber Enterprises. Here are the top brokerage calls for the day:

By CNBCTV18.comDec 17, 2021 8:31:41 AM IST (Published)

Goldman Sachs on IT services | The brokerage sees a positive read-across from Accenture's results for Indian IT companies, from both demand and margin fronts. Goldman Sachs has reiterated its 'buy' rating on Infosys and Tata Consultancy Services.

Credit Suisse on IT services | Infosys, TCS and HCL Technologies are the brokerage's preferred picks in the Indian IT services space.

Morgan Stanley on IT services | Accenture's beat in Q1, raise in guidance and demand commentary bode well for Indian IT companies, said Morgan Stanley. Considering large valuation discounts to Accenture, the brokerage sees room for Indian IT stocks to react positively.

Jefferies on Amber Enterprises | The brokerage has maintained its 'buy' rating on shares of Amber Enterprises. Jefferies expects faster growth in margin accretive components to drive FY22-24 sales growth by more than 33 percent compounded annually and net profit by over 65 percent.