homephotos Newsmarket Newsstocks NewsFriday's top brokerage calls: ONGC, Motherson Sumi and more

Friday's top brokerage calls: ONGC, Motherson Sumi and more

SUMMARY

Among brokerages, JPMorgan is bullish on ONGC while Citi downgraded Motherson Sumi to 'sell' after its March quarter results. CLSA is bullish on RIL and GSPL. Here's a look at the top brokerage calls for today:

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By CNBCTV18.com Jun 4, 2021 8:37:17 AM IST (Published)

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JPMorgan on ONGC: The brokerage has a 'buy' call on the stock with a target at Rs 190 per share. Its oil prices outlook is firmly biased towards the upside and sees a large consensus earnings upgrade cycle ahead.

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Citi on Motherson Sumi: The brokerage downgraded the stock to 'sell' with a target at Rs 215 per share. It said that uncertainty continues on the Indian business post restructuring and that risk-reward appears unfavorable.

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CLSA on RIL: The brokerage has an 'outperform' call on the stock with a target at Rs 2,250 per share. It said that earnings upgrades are still unlikely despite the recent petchem spike.

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CLSA on GSPL: The brokerage has a 'buy' call on the stock with a target at Rs 410 per share. The firm had a steady quarter, said the brokerage and added that the volumes were in line but profit beat analysts' estimates.

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Jefferies on HEG: The brokerage has a 'buy' rating on the stock with a target at Rs 2221 per share. It stated that operational cycles are turning favourable for graphite electrodes and that electrode prices have risen 20 percent YTD.

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