These are Thursday's biggest brokerage calls: Vodafone Idea, IndiGo and more

SUMMARY

Indian shares are likely to open lower on Thursday, following losses in global markets, as investors tally the economic damage of coronavirus. Among brokerages, CLSA upgraded Vodafone Idea to 'buy' and raised target price for the stock, while Credit Suisse maintained 'outperform' rating for IndiGo. Here are the top brokerage calls for today:

By CNBC-TV18Mar 12, 2020 8:13:06 AM IST (Published)

CLSA on Vodafone Idea: The brokerage upgraded the telecom stock to 'buy' from 'sell' and raised its target price to Rs 12 from Rs 3.5 earlier. It added that growth is set to accelerate led by tariff hikes.

Credit Suisse on IndiGo: The brokerage maintained an 'outperform' call on the stock with the target price at Rs 1,850 per share. It was bullish on the stock on its good execution and a strong balance sheet.

Credit Suisse Market Strategy: As per the brokerage, 45 percent of the top 200 stocks by market cap are over 30 percent from life highs. However, the brokerage still does not believe it is time to bottom fish.

Credit Suisse on L&T: The brokerage maintained a 'neutral' call on the stock with the target price at Rs 1,325 per share. It added that international inflows may become weak as countries reassess priorities.

Credit Suisse on Petronet LNG: The brokerage maintained 'outperform' call on the stock with the target price at Rs 350 per share. It added that the company is a strong beneficiary of lower crude prices.

CLSA on Tata Communication: The brokerage had a 'buy' call on the stock but raised its target price to Rs 515 per share from Rs 402.11 earlier.