Wednesday's top brokerage calls: Asian Paints, Gujarat Gas, Cipla and Mahanagar Gas

SUMMARY

Brokerage Radar: Citi has maintained its 'neutral' rating on Asian Paints shares while Goldman Sachs says 'sell' Cipla. Read here what brokerages say about Gujarat Gas and Mahanagar Gas -

By CNBCTV18.comMay 11, 2022 8:29:15 AM IST (Published)

Citi on Asian Paints | Demand trends remain reasonably steady despite macro challenges, said Citi which has maintained a 'neutral' rating on Asian Paints shares.

Citi on Gujarat Gas | Strategy of curtailing volumes helped Gujarat Gas deliver on margin, according to Citi. The company reported a big margin beat and Citi believes the worst is likely behind.

CLSA on Gujarat Gas | The brokerage firm has maintained its 'sell' call on Gujarat Gas stock. CLSA is of the view that the demand-supply situation and gas prices might bring back margin worries.

Jefferies on Mahanagar Gas | Sharp price hikes and headroom available in CNG has prompted Jefferies to retain its 'buy' recommendation on Mahanagar Gas.

Goldman Sachs on Cipla | The brokerage firm has cut its EPS estimates by 2-11 percent for FY23-24. Goldman Sachs has maintained its 'sell' rating on Cipla stock.