Thursday's top brokerage calls: Reliance Industries, financials and more

SUMMARY

Among brokerages, Morgan Stanley maintains an 'overweight' call on Reliance Industries with a target at Rs 2,247 per share while CLSA remains most positive on the top three private banks and SBI. Here are the top brokerage calls for today:

By CNBCTV18.comOct 1, 2020 8:53:54 AM IST (Published)

Morgan Stanley on Reliance Industries: The brokerage maintains an 'overweight' call on the stock with a target price at Rs 2,247 per share. The company has monetised $26 billion in assets in 2020 in telecom, retail and energy.

CLSA on Financials: The brokerage remains most positive on the top three private banks and SBI. It sees a 35-50 percent upside for ICICI, SBI, Axis and HDFC Bank.

CLSA on IT Services: The brokerage said that investors should focus on the profile of order booking and deal pipeline. Infosys and HCL Tech remain CLSA's preferred picks.

Jefferies on Avenue Supermarts: The brokerage maintains a 'buy' call on the stock with a target at Rs 2,600 per share. It added that feedback is very positive on the system and processes that DMart follows.

Citi on Tech Mahindra: The brokerage maintains a 'buy' call on the stock with a target at Rs 950 per share. It also raises FY21-23 estimates by 2 percent to incorporate the cross-currency benefit.