Wednesday's top brokerage calls: Reliance Industries, Dalmia Bharat and more

SUMMARY

Among brokerages, Jefferies initiated coverage on Reliance Industries with a 'buy' call and target at Rs 2,600 per share. Meanwhile, CLSA upgraded Dalmia Bharat to 'buy' and raised its target price to Rs 1,900 per share. Here are the top brokerage calls for today:

By CNBCTV18.comMar 17, 2021 8:47:02 AM IST (Published)

Jefferies on RIL: The brokerage initiated coverage on the stock with a 'buy' call and target at Rs 2,600 per share. It sees the company as a proxy for India's consumption growth story. Unlevered balance sheet, proceeds from O2C stake sale opens interesting options, it added.

CLSA on Dalmia Bharat: The brokerage upgraded the stock to 'buy' and raised its target price to Rs 1,900 per share from Rs 1,650 earlier. It said that the company has a presence in strong growth regions. It added that at current valuations the company is well placed in this upcycle.

Morgan Stanley on Banks: The brokerage sees sustained business momentum in the space after a strong Q3FY21. It is positive on banks and prefers large banks and IndusInd Bank.

HSBC on Adani Ports: The brokerage maintains a 'buy' call on the stock with a target at Rs 810 per share. The company bagged a 51 percent stake in developing the West container terminal in Colombo, Sri Lanka. With this, it had furthered its regional expansion, it said.