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Friday's top brokerage calls: Infosys, Prestige Estates and more

SUMMARY

Among brokerages, UBS is 'neutral' on Infosys while CLSA is bullish on Prestige Estate and raised its target price to Rs 360 per share from Rs 340 earlier. Here are the top brokerage calls for today:

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By CNBCTV18.com Mar 12, 2021 9:59:53 AM IST (Published)

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UBS on Infosys: The brokerage maintains a 'neutral' call on the stock with a target at Rs 1,450 per share. Infosys confident of double-digit revenue growth in FY22, UBS said. It expects revenue guidance of 11-13 percent or 12-14 percent YoY in constant currency terms for the IT major.

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CLSA on Prestige Estates: The brokerage maintains a 'buy' call on the stock and raised the target to Rs 360 per share from Rs 340 earlier. CLSA. however, cut FY21-23 earnings estimates for the company due to a decline in rental income.

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CLSA on Oil and Gas: After healthy demand for gas in January 2021, CLSA believes volume & margin will be strong for city gas distribution companies. Retail volumes will continue for IGL and MGL, it added.

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