Monday's top brokerage calls: SBI, Bharti Airtel and Divi's Labs

SUMMARY

Jefferies has downgraded its rating on shares of Divi's Laboratories to 'hold' while Goldman Sachs said State Bank of India is well-positioned to deliver strong profitability over the next few years. Here are top brokerage calls for the day:

By CNBCTV18.comNov 8, 2021 8:27:26 AM IST (Published)

Jefferies on Divi's Laboratories | The brokerage said shares of Divi's Laboratories are trading at an expensive valuation and it does not see a major upside. Further, rising input costs are likely to restrain the company's margin profile, Jefferies said, downgrading its rating on the stock to 'hold'.

Credit Suisse on Bharti Airtel | The brokerage believes Bharti Airtel is favourably placed to benefit from expected industry repair over the medium term. Therefore, Credit Suisse has maintained its 'outperform' rating on the company's stock.

Morgan Stanley on State Bank of India | As the macro cycle turns, Morgan Stanley expects earnings to improve further. The brokerage noted that the lender's asset quality and margin in Q2 were strong, maintaining its 'outperform' rating.

Goldman Sachs on SBI | The brokerage said Q2 earnings were in line with estimates and the lender has growth drivers in place for the structural returns profile. Goldman Sachs said the bank is well-positioned to deliver strong profitability over the next few years.