Thursday's top brokerage calls: Investec on BSE and Morgan Stanley on Gas companies

Investec on BSE | The brokerage house has downgraded its rating on shares of BSE to 'sell' from 'hold'. The company is cyclically at peak earnings and valuations, and Investec sees a sequential decline in earnings in FY23.

Morgan Stanley on Gas | Key positive was steady LNG demand from all sectors despite high spot prices, Morgan Stanley said. Gas demand was 3 percent above pre-COVID run rate which is positive for Gujarat Gas and neutral for GAIL India and Petronet LNG.