Tuesday's top brokerage calls: SBI Life, Indus Towers, TCS and more

SUMMARY

CLSA remains positive on TCS and Indus Towers, and UBS has a 'buy' call on SBI Life. Here are the top brokerage calls for the day:

By CNBCTV18.comSept 21, 2021 8:50:03 AM IST (Updated)

UBS on SBI Life: The brokerage has maintained a 'buy' rating on the stock with a raised target price of Rs 1,440. The company's product mix is improving and its value of new business (VNB) margin is seen expanding by 300 basis points over FY21-24 to 26.2 percent, according to UBS.

CLSA on TCS: The brokerage has maintained an 'outperform' call on the stock with a raised target price of Rs 4,050. CLSA has raised its FY23/24 EPS estimates for TCS by 2-4 percent.

CLSA on Indus Towers: The brokerage has retained a 'buy' rating on the stock with a target price of Rs 330. Indus Towers is among the top 40 on the ESG front among 130 companies covered in India. Its ESG rating is 8-17 percent higher than the average scores of the country and the sector, according to CLSA.

Jefferies on retailers: Discounts remain high at 17-18 percent to printed price for DMart Ready and JioMart, and 10-14 percent for Amazon, BigBasket and Flipkart, according to the brokerage. Jefferies also said overall traffic has gone down from the peak in May but still above pre-pandemic levels.