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

SUMMARY

Among brokerages, CLSA has a 'sell' call on Titan while Morgan Stanley's top pick in the telecom space is Bharti Airtel. Here are the top brokerage calls for the day:

By CNBCTV18.comJul 8, 2020 8:21:56 AM IST (Published)

CLSA on Titan: The brokerage has a 'sell' call on the stock with a target at Rs 855 per share. The company has rebounded on the expectation of a recovery in business, said the brokerage and expects it to be a late-cycle beneficiary.

Morgan Stanley on Titan: The brokerage maintains 'underweight' call on the stock with a target at Rs 770 per share. It added that full-fledged demand recovery will remain elusive in 2020.

CLSA on Telecom: Bharti Airtel is the brokerage's top pick in the space and it sees the telco reporting 27 percent EBITDA CAGR till FY22.

Morgan Stanley on Sobha: The brokerage is 'overweight' on the stock with a target at Rs 361 per share. Despite lockdown, it reported good operational numbers in Q1, MS said.

Jefferies India Strategy: As per the brokerage economic indicator has improved 2 ppt on a week-on-week basis to 81 percent of pre-COVID levels It added that continued trend in agri is encouraging for rural demand.