Tuesday's top brokerage calls: ACC, ICICI Prudential and more

SUMMARY

Among brokerages, Macquarie and Citi are bullish on ACC after its March-quarter results while CLSA maintains an 'underperform' call on the stock. Here are the top brokerage calls for today:

By CNBCTV18.comApr 20, 2021 9:12:19 AM IST (Published)

Macquarie on ACC: The brokerage maintains an 'outperform' call on the stock with a target at Rs 2,191 per share. It raised CY21 and CY22 earnings estimates by 4 percent and 5 percent, respectively.

Citi on ACC: The brokerage maintains a 'buy' call on the stock with a target at Rs 2,600 per share. The company remains its top pick in the sector.

CLSA on ACC: The brokerage maintains an 'underperform' call on the stock with a target at Rs 2,080 per share.

Jefferies on ACC: The brokerage maintains a 'buy' call on the stock with a target at Rs 2,300 per share. It raised EBITDA estimates by 8-9 percent.

CLSA on ICICI Prudential: The brokerage upgraded the stock to 'buy' after Q4 earnings with a target at Rs 575 per share. It said that Q4 was in line with 27 percent APE growth as against 27 percent contraction in 9MFY21.

Citi on ICICI Prudential: The brokerage maintains a 'buy' call on the stock with a target at Rs 600 per share. It expects a 21 percent annual premium equivalent CAGR and modest value of new business (VNB) margin expansion.

Credit Suisse on ICICI Prudential: The brokerage maintains an 'underperform' call on the stock with a target at Rs 415 per share. It expects VNB expansion to be slow and drive its de-rating.

CLSA on Dr Lal Pathlabs: The brokerage downgraded the stock to 'sell' due to high valuations with a target at Rs 2,430 per share.