Wednesday's top brokerage calls: Bandhan Bank, Marico, IndusInd Bank and more

SUMMARY

Brokerage Radar: Jefferies says 'buy' Bandhan Bank shares while CLSA says Marico's valuations look balanced at current levels. Here are top brokerage calls for this morning -

By CNBCTV18.comApr 6, 2022 8:16:01 AM IST (Published)

Jefferies on Bandhan Bank | The brokerage firm has maintained its 'buy' rating on shares of Bandhan Bank with a target price of Rs 380. Sufficient provision buffers should keep credit costs low but the lender may see negative net slippages in Q4, according to Jefferies.

CLSA on Marico | Valuations look balanced at current levels, said CLSA maintaining its 'underperform' rating on shares on Marico. The brokerage firm expects gross margin and operating margin to be stable on a year-on-year basis.

CLSA on oil and gas | Rising LNG prices are hurting volume, CLSA said. Elevated spot LNG and hike in gas prices are overhangs for city gas companies, CLSA added.

CLSA on Banks | Commentary on collections indicate a better trend for banks as compared to pre-covid levels, according to CLSA. For IndusInd Bank, residual microfinance institution provisions and margins will be key whereas, for IDFC First, the cost to income trends must moderate for improving profitability, the brokerage firm added.