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Wednesday’s top brokerage calls: RIL, IndusInd Bank and more

Among brokerages, CLSA finds IndusInd Bank's valuations at current levels reasonable while it has upgraded OIL India. Here are the top brokerage calls for today.

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By CNBC-TV18 Jun 23, 2021 9:11:28 AM IST (Published)

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Wednesday’s top brokerage calls: RIL, IndusInd Bank and more
Credit Suisse on Reliance Industries

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| The brokerage believes that revamped Embibe app should position the company as a key player in EdTech.

CLSA on IndusInd Bank | CLSA expects IndusInd Bank to deliver 15 percent RoE by FY23/24 and finds valuations at current levels reasonable. It maintains a Buy call.
Morgan Stanley on Dr Reddy's Laboratories | The brokerage has an Overweight call on Dr Reddy’s with an expectation of earnings upcycle, led by India/EM markets.
UBS on United Breweries | UBS maintains its Neutral stance on UBL with Heineken looking to consolidate its stake.
CLSA on OIL India | CLSA upgrades the stock to Buy as it finds the company the only midcap to offer positive leverage to crude.
CLSA on ZEEL & Sun TV | CLSA has a Buy rating on both ZEEL and Sun TV, but finds ZEEL better placed on growth parameters.

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