Thursday's top brokerage calls: IGL, IT companies and more

SUMMARY

Among brokerages, Nomura is bullish on IGL, whereas Jefferies has a 'hold' rating on the stock post the June quarter earnings. Meanwhile, Jefferies says that Infosys is its top pick in the IT sector. Here are the top brokerage calls for today:

By CNBCTV18.comAug 27, 2020 8:58:29 AM IST (Published)

Jefferies on IGL: The brokerage has a 'hold' rating on the stock with a target at Rs 450 per share. It sees 12.5 percent EPS compound annual growth for FY20-22 driven by margin expansion.

Nomura on IGL: The brokerage maintained a 'buy' call on the stock with a target at Rs 375 per share. IGL’s Q1 earnings are below expectations on lower volumes, it added.

Jefferies on IT Services: Indian IT cos are well-positioned to gain share in $1-trillion market, according to Jefferies. Infosys is the brokerage’s top pick in the sector.

CLSA on Pharma: Multiple opportunities await the pharma sector in India, said the brokerage, adding that improved earnings are expected over the next 3-5 years.

Jefferies on Blue Star: The brokerage maintained a 'buy' rating on the stock with the target raised to Rs 720 per share from Rs 630 earlier. It added that Blue Star’s management exhibited confidence in AC pricing.