Tuesday's top brokerage calls: Bharti Airtel, Max Financial, Voltas and Chola Investment

SUMMARY

Brokerage Radar: CLSA has downgraded its rating on Cholamandalam Investment shares whereas Credit Suisse has retained its 'outperform' rating on Bharti Airtel stock. Here are top brokerage calls for the day:

By CNBCTV18.comMar 29, 2022 8:28:34 AM IST (Published)

CLSA on Cholamandalam Investment and Finance Company | Given the significant outperformance of the company's stock price, CLSA says that further upside is limited. The brokerage firm has downgraded its rating on the stock to 'outperform' with a target price of Rs 825.

CLSA on Max Financial | Valuation is getting undemanding, CLSA said maintaining its 'buy' rating on shares of Max Financial.

Credit Suisse on Voltas | Risk-reward is better in Havells which has a more diversified business, according to Credit Suisse. The brokerage firm has maintained its 'neutral' rating on shares of Voltas.

Credit Suisse on Bharti Airtel | Bharti Airtel is well-positioned to be one of the integrated telcos in India, as per Credit Suisse. The brokerage firm has retained its 'outperform' rating on the telecom company's stock.