Thursday's top brokerage calls: ACC, Ambuja Cements and more

SUMMARY

Among brokerages, both Jefferies and Antique are bullish on ACC and Ambuja Cement after the renewal of existing technology and know-how agreement with LafargeHolcim. Here are the top brokerage calls for today:

By CNBCTV18.comDec 24, 2020 8:59:40 AM IST (Published)

Jefferies on ACC, Ambuja: The brokerage sees a renewal of existing technology and know-how agreement with LafargeHolcim with the existing charge at 1 percent being continued, a significant positive for ACC, Ambuja.

Antique on ACC, Ambuja: The brokerage maintains 'buy' calls on ACC and Ambuja and says sanity prevailed as technical know-how fees were maintained at 1 percent of sales.

Morgan Stanley on Bharat Forge: The brokerage is 'underweight' on the stock with a target at Rs 341 per share. It noted that the German subsidiaries have reached a settlement with the anti-trust regulator. However, stretched valuation keeps MS bearish on the stock.