Monday's top brokerage calls: HCL Tech, HDFC Bank and more

SUMMARY

Among brokerages, CLSA and Credit Suisse are bullish on HCL Tech after the December quarter earnings while CS has an 'outperform' rating on HDFC Bank. Here are the top brokerage calls for today:

By CNBCTV18.comJan 18, 2021 9:02:26 AM IST (Published)

Credit Suisse on HCL Tech: The brokerage has an 'outperform' call on the stock and raised the target to Rs 1,325 per share. The brokerage said that the outlook on the demand environment remains positive and sees scope for further re-rating.

CLSA on HCL Tech: The brokerage has a 'buy' rating on the stock and raised the target to Rs 1,180 per share from Rs 1,120 earlier. It added that the company is its top pick in the sector.

Credit Suisse on HDFC Bank: The brokerage has an 'outperform' call on the stock and raised the target to Rs 1,700 per share from Rs 1,000 earlier. The brokerage added that the bank remains well capitalised and expects growth to continue to outpace the industry.

Nomura on Sun TV: The brokerage downgraded the stock to 'neutral' with a target at Rs 583 per share. Lack of catalysts hurt growth, added the brokerage, but expects ad revenue to recover.

CLSA on oil and gas: As per the brokerage, this will be a strong quarter for downstream and gas play but weak for upstream. It added that continued value recovery should boost profit before tax for IGL, and MGL.

CLSA on PVR: The brokerage reiterated a 'buy' call on the stock and raised the target to Rs 1,805 per share from Rs 1,770 earlier.