Monday's top brokerage calls: HDFC Bank, Devyani International, Mphasis and BEL

SUMMARY

Brokerage Radar: Citi has downgraded its rating on shares of Mphasis whereas Morgan Stanley has an 'overweight' call on HDFC Bank shares. Here are top brokerage calls for this morning:

By CNBCTV18.comApr 4, 2022 8:44:57 AM IST (Published)

CLSA on Devyani International | The company continues to see four times EBITDA growth over FY21-24, CLSA said. The brokerage firm has maintained its 'outperform' rating on shares of Devyani International shares.

Citi on Mphasis | The brokerage firm says demand visibility is decent and there are multiple levers to manage supply for Mphasis. Citi has downgraded its rating on shares of Mphasis to 'neutral' with a target price of Rs 3,625.

Citi on BEL | Growth prospects for BEL remain healthy from a medium-term perspective, Citi said. The company remains the top pick as its valuation remains attractive, according to the brokerage firm.

Morgan Stanley on HDFC Bank | Initial update points to very strong growth in loans and retail deposits, Morgan Stanley pointed out.