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Wednesday's top brokerage calls: Voltas, Godrej Properties and SBI Card
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Wednesday's top brokerage calls: Voltas, Godrej Properties and SBI Card
Aug 2, 2022 11:02 PM

Morgan Stanley on Voltas | Morgan Stanley maintains an 'overweight' stance on the shares of Voltas with a target price of Rs 1,160. According to the brokerage, AC margin and project business of the company is disappointing.

CLSA on Voltas | CLSA maintains its 'sell' rating on the shares of Voltas with a target price of Rs 930. A sharp margin fall reflects heightened competitive intensity and cost pressure, the brokerage house said.

CLSA on Godrej Properties | CLSA maintains its 'underperform' rating on Voltas stock with a target price of Rs 1,523. "We remain cautious and cut margin estimates," it said.

Morgan Stanley on SBI Card | Morgan Stanley is 'overweight' on the shares of SBI Card and has set a target price of Rs 1,100. Daily spending data from RBI suggests sustained strength in spending, the global brokerage said.

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