Thursday's top brokerage calls: Delhivery, Lemon Tree and Bank of Baroda
SUMMARY
Brokerage Radar: Credit Suisse upgrades Delhivery's to 'outperform' while Macquarie considers tier-1 IT companies to be in an attractive territory. Here are top brokerage calls for the day -
By CNBCTV18.com Jun 2, 2022 8:33:50 AM IST (Published)
Credit Suisse on Delhivery | The brokerage upgraded Delhivery to 'outperform' with a target of 675 based on favourable industry structure and diversified growth.
CLSA on Lemon Tree | The brokerage firm notes that the company is seeing signs of recovery in corporate demand. CLSA maintained a 'buy' rating on the hotel's stock.
Morgan Stanley on Bank of Baroda | The state-owned bank is placed better than most PSU banks, according to the brokerage firm. MS maintains an 'overweight' rating on the bank's stock.
CLSA on Banks | The brokerage firm notes that the sector might see an upside to 9.5%/10.5% credit growth expectations for FY23/24. CLSA's top picks for the sector are ICICI Bank and SBI Bank. The brokerage firm is also positive on HDFC Bank.
Macquarie on Indian IT | The brokerage firm considered tier-1 IT companies to be in an attractive territory. Macquarie upgraded Wipro to 'outperform' and has TCS and HCL Tech as its top picks.
