Thursday's top brokerage calls: ITC, Mphasis, Zee Entertainment and more

SUMMARY

Morgan Stanley remains positive on Reliance Industries and Mphasis, while Credit Suisse has retained an 'outperform' rating on ITC. Here are the top brokerage calls for the day:

By CNBCTV18.comSept 23, 2021 8:58:52 AM IST (Updated)

Jefferies on Dixon: The brokerage has maintained a 'buy' call on the stock with a target price of Rs 5,230. The company is expected to build capabilities and widen its portfolio in the next leg of growth, according to Jefferies.

Credit Suisse on ITC: The brokerage has maintained an 'outperform' call on the stock with a target price of Rs 280. Cigarette volumes are recovering well now, and a full recovery is expected by Q3, according to Credit Suisse.

Morgan Stanley on Reliance Industries: The co has maintained an 'overweight' call on Reliance Industries with a target price of Rs 2,269. RIL is starting to reverse its YTD underperformance as its earnings upgrade cycle restarts, and every dollar rise in refining margin will add $0.5 billion to its earnings, Morgan Stanley said.

Morgan Stanley on Mphasis: The brokerage has an 'overweight' call on the stock with a target price of Rs 3,150. The Blink deal is significant in comparison to its recent acquisitions, Morgan Stanley said.

CLSA on Zee Entertainment: The brokerage has a 'buy' call on the stock with a raised target price of Rs 400. The merger with Sony is positive for Zee and the risk-reward ratio looks favourable, CLSA said.