Thursday's top brokerage calls: ITC, Reliance Industries, Maruti Suzuki and Zee Entertainment

SUMMARY

While Motilal Oswal has upgraded the rating to 'buy' with a target of 335 for ITC, CS maintains 'outperform' with a target of 300 on Zee Entertainment. Here are the top brokerage calls for the day -

By CNBCTV18.comJun 16, 2022 8:25:04 AM IST (Published)

Motilal Oswal on ITC | The firm expects the company to post 15 percent earnings CAGR (compound annual growth rate) over FY22-24. It has upgraded the rating to 'buy' with a target of 335.

JPMorgan on Reliance | The brokerage firm upgraded Reliance Industries rating to 'overweight' with a revised target price of Rs 3,170. JPMorgan also noted that RIL is amongst a few large companies in India with a positive earning revision cycle ahead.

Jefferies on Maruti | Jefferies says that the falling metal prices should help Maruti Suzuki's margin bounce back from historical lows. The brokerage firm expects earning to more than triple over FY22-24.

Credit Suisse on Zee Entertainment | The brokerage firm maintained an 'outperform' rating on Zee Entertainment shares with a target price of Rs 300. Credit Suisse said that missing out on IPL rights is not a bad outcome for the media company.