Monday's top brokerage calls: Infosys, TCS, Sobha and more

SUMMARY

Brokerage Radar: Morgan Stanley has downgraded its rating on shares of Petronet LNG to 'underweight' while Morgan Stanley has an 'overweight' rating on Sobha shares. Here are the top brokerage calls for the day:

By CNBCTV18.comMar 21, 2022 9:00:39 AM IST (Published)

Morgan Stanley on Petronet LNG | The company is a play on India's LNG demand growth but higher domestic gas production is also a headwind for LNG in 2022, according to Morgan Stanley. The brokerage firm has downgraded its rating on shares of Petronet LNG to 'underweight'.

Morgan Stanley on Sobha | The brokerage firm has maintained its 'overweight' rating on the stock and expects Sobha to benefit from the ongoing residential upcycle.

Morgan Stanley on IT sector | Guidance increase by Accenture for FY22 amid current volatility provides comfort, said Morgan Stanley. The brokerage firm has read Accenture's earnings as positive for the Indian IT stocks.

Goldman Sachs on IT sector | The brokerage firm has reiterated its 'buy' rating on Infosys and Tata Consultancy Services. Goldman Sachs believes that a strong orderbook for Accenture and an upward revision in guidance has a positive readthrough for Indian IT stocks.

Kotak Institutional Equities on IT sector | The brokerage firm sees Accenture earnings as a positive for Indian IT companies as well. Strong guidance by Accenture indicates spending continues to be robust, said Kotak Institutional Equities.