Tuesday's top brokerage calls: Federal Bank, Bharti Airtel and more

SUMMARY

Morgan Stanley and Citi are bullish on Federal Bank after its March quarter earnings while UBS and CLSA have 'buy' calls on Bharti Airtel on a better-than-expected quarter. Let's take a look at the top brokerage calls for today:

By CNBCTV18.comMay 18, 2021 9:01:11 AM IST (Published)

Morgan Stanley on Federal Bank: The brokerage is 'overweight' on the stock with a target at Rs 110 per share. It said that the company reported good overall performance with higher loan growth and a steady margin.

Citi on Federal Bank: The brokerage has a 'buy' call on the stock with a target at Rs 100 per share. It believes the low cost of funds and a steady rise in yields should lead to NIM improvement.

UBS on Bharti Airtel: The brokerage has a 'buy' call on the stock with a target at Rs 655 per share. The firm reported a healthy set of numbers, outperforming Jio on most metrics, it said.

CLSA on Bharti Airtel: The brokerage maintains a 'buy' call on the stock with a target at Rs 730 per share. It added that the telco gained more than expected 4G data subscribers.

Citi on Bharti Airtel: The brokerage has a 'buy' call on the stock with a target at Rs 685 per share. Bharti Airtel Q4 was overall in-line, but India mobile EBITDA were a shade below estimates, said the brokerage.

CLSA on Colgate: The brokerage has an 'outperform' call on the stock with a target at Rs 1,825 per share. The company reported better than expected results aided by a strong recovery, it said.

Credit Suisse on Colgate: The brokerage has an 'outperform' call on the stock with a target at Rs 1,850 per share. The company reported solid revenue growth, strong margin expansion in the March quarter, it said.

Citi on Colgate: The brokerage maintains a 'sell' call on the stock with a target at Rs 1,550 per share. It was another quarter where Colgate lagged Dabur’s oral care growth and perhaps also HUL's, said Citi.