Thursday's top brokerage calls: Petronet LNG, SBI Cards and more

SUMMARY

Among brokerages, Credit Suisse is bullish on Petronet LNG and SBI Cards while JPMorgan is 'overweight' on GAIL and Jefferies has a 'hold' rating on the stock. Here's a look at the top brokerage calls for the day:

By CNBCTV18.comJun 10, 2021 8:21:27 AM IST (Published)

CLSA on Petronet LNG: The brokerage maintained a 'buy' call on the stock with a target at Rs 270 per share. CLSA is bullish as the company is close to its bear case valuation. The stock is among the most attractive value stocks in India, CLSA said.

Credit Suisse on Petronet LNG: The brokerage has an 'outperform' call on the stock with a target at Rs 270 per share. It cut FY22 EPS for the firm by 6 percent to account for lower volumes in the first half of FY22.

Citi on Petronet LNG: The brokerage downgraded the stock to 'neutral' and reduced its target price to Rs 260 from Rs 325 per share. It also lowered FY22-23 earnings estimates by 7-9 percent.

Credit Suisse on SBI Cards: The brokerage has an 'outperform' call on the stock with a target at Rs 1,200 per share. It said that the impact from the second wave is likely to be relatively contained for the firm. It expects the company to benefit from the rising digitisation.

JPMorgan on GAIL: The brokerage is 'overweight' on the stock with a target at Rs 197 per share. It said the earnings were in-line with estimates and added that near-term oil price strength should support earnings.

Jefferies on GAIL: The brokerage has a 'hold' call on the stock with a target at Rs 150 per share. It also raised FY22 EPS estimates by 6 percent.