Wednesday's top brokerage calls: Bharti Airtel, NBFCs and more

SUMMARY

Among brokerages, CLSA and Morgan Stanley are bullish on Bharti Airtel while Nomura is positive on value NBFCs and HFCs. It has 'buy' calls on M&M Finance, HDFC, LIC Housing and Shriram Transport. Here are the top brokerage calls for today:

By CNBCTV18.comJan 13, 2021 8:40:04 AM IST (Published)

Morgan Staley on Bharti Airtel: The brokerage is 'overweight' on the stock with a target at Rs 680 per share. The company got approval for enhancing FPI limits for its subsidiaries, said the brokerage, adding that this could help reverse the underperformance.

CLSA on Bharti Airtel: The brokerage maintains a 'buy' call on the stock with a target at Rs 730 per share. It is CLSA's top pick in the three-player sector. CLSA added that in 2021, 35 percent growth in Airtel's data subscribers and tariff hikes will lead to continued growth.

Nomura on NBFCs: The brokerage is positive on value NBFC/HFC plays. It upgraded M&M Finance to 'buy' from 'neutral' and raised its target to Rs 230 per share from Rs 130 earlier. It also has 'buy' calls on HDFC, LIC Housing and Shriram Transport.

Goldman Sachs on SBI: The brokerage has a 'buy' rating on the stock with a target at Rs 383 per share. The company is one of the most attractive names within its coverage, added the brokerage.