Monday's top brokerage calls: Mahindra & Mahindra, ONGC, GAIL, JSW Steel and Sun TV

SUMMARY

Brokerage radar: While Morgan Stanley maintains 'overweight' on Mahindra and Mahindra, CLSA maintains 'buy' on Sun TV. Here are top brokerage calls for this morning -

By CNBCTV18.comMay 30, 2022 8:28:22 AM IST (Published)

Morgan Stanley on Mahindra and Mahindra | The brokerage firm notes that EV strategy will be key to monitor. The company's fourth quarter results were slightly above estimates.

Citi on ONGC | Maintained a 'sell' call with a target of 155 as fourth quarter headlines drop below estimates. The brokerage firm noted that the production trends remain disappointing.

JPMorgan on GAIL | The brokerage firm noted that LNG prices have declined from peak and see an upside risk to spot LNG prices for H2.

CLSA on JSW Steel | CLSA downgraded JSW Steel to 'reduce' with a target price of Rs 500 as profitability is expected to remain under pressure.

CLSA on Sun TV | Maintained 'buy' with updated target of Rs 560 as the company March quarter results were below estimates. The brokerage firm also slashed revenue forecast by one percent.