Tuesday's top brokerage calls: Tech Mahindra, Colgate and Indus Towers

SUMMARY

Tech Mahindra remains one of Citi's top sector picks and CLSA thinks the risk-reward ratio is still favourable for the company. Here are the top brokerage calls for the day:

By CNBCTV18.comOct 26, 2021 8:30:00 AM IST (Published)

CLSA on Indus Towers | The brokerage has raised its revenue forecasts for the company by 3-5 percent for FY22-24, while maintaining its 'buy' call on the stock.

Citi on Colgate Palmolive India | The brokerage has a 'sell' rating on the stock and has pared its estimates for Colgate by 1-5 percent to factor in recent results and cost push. Inflationary pressures may add to woes, Citi said.

CLSA on Tech Mahindra | The brokerage has maintained its 'outperform' rating on the stock and believes that the risk-reward ratio is favourable despite a 35 percent rally in the last three months.

Citi on Tech Mahindra | Tech Mahindra remains one of the brokerage's top sector picks. It has maintained its 'buy' recommendation on the stock and said the company looks well placed in FY23.