Friday's top brokerage calls: JSW Steel, Asian Paints, LIC Housing and TVS Motor
SUMMARY
Jefferies has downgraded its rating on shares of Asian Paints while Morgan Stanley has maintained its underweight call on TVS Motor's stock. Here are the top brokerage calls for the day:
By CNBCTV18.com Oct 22, 2021 8:24:29 AM IST (Published)
Jefferies on JSW Steel | The brokerage sees the company's margin staying above the past years', thereby maintaining its 'buy' rating on the stock. Jefferies has raised its EPS estimates for FY22-23 by 8-12 percent to factor in better performance by subsidiaries.
Morgan Stanley on LIC Housing | The brokerage pointed out that a weak pre-provisioning operating profit driven by lower net interest income and higher expenses are key negatives. Morgan Stanley has an 'underweight' rating on the stock.
Morgan Stanley on TVS Motor | The brokerage has maintained its underweight call on the company's stock owing to the electric vehicle challenges and stretched valuations.
Jefferies on Asian Paints | The brokerage has trimmed the EPS estimate for the company by 10-15 percent and lack of visibility deserves a de-rating, the brokerage firm added. Jefferies has downgraded the stock rating to 'underperform'.
