Thursday's top brokerage calls: SBI, HPCL, PVR and more

SUMMARY

Among brokerages, CLSA has raised the target price on SBI and has upgraded HPCL while Morgan Stanley maintains an 'Overweight' rating on IndiGo as it is seeing a gradual improvement in daily passengers flown. Here are the top brokerage calls for today:

By CNBC-TV18Nov 5, 2020 8:59:55 AM IST (Published)

Nomura on SBI | The brokerage said that SBI's valuation was comfortable and expects re-rating as RoE normalizes to 11 percent by FY23.

CLSA ON SBI | CLSA is expecting SBI to deliver a 9.7%/11.9% return on equity in FY22/23, after the bank released its results for the quarter ended September. CLSA raises the target price to Rs 330 from Rs 310 per share earlier.

CLSA on HPCL | Open market buyback of over 18% of current free float is good news by HPCL, CLSA said. It has upgraded the stock to 'Buy' from 'Sell' and raised the target price to Rs 225 per share from Rs 180 earlier.

CLSA on PVR | CLSA forecasts 30 percent occupancy for PVR by FY23.

Morgan Stanley on Airlines | Morgan Stanley maintains an 'Overweight' rating on IndiGo as it is seeing a gradual improvement in daily passengers flown.

Morgan Staley on Steel | As price hikes in the steel sector continue in November, Morgan Staley believes Q3 will see further improvement in spreads.