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Thursday's top brokerage calls: TCS, Syngene, Mahindra & Mahindra and more

SUMMARY

Jefferies retained its 'underperform' rating on M&M. Macquarie is positive on Syngene. Here are the top brokerage calls for the day:

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By CNBCTV18.com Sept 9, 2021 9:05:27 AM IST (Updated)

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Jefferies on M&M: The brokerage has retained its 'underperform' rating on the stock with a target price of Rs 635. The tractor segment is showing signs of cyclical weakness, according to Jefferies.

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Macquarie on Syngene: The brokerage has maintained an 'outperform' rating on the stock with a target price of Rs 730. The company's biologics business is expected to drive growth over the next two years, according to Macquarie.

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Credit Suisse on SBI Cards: The brokerage believes the company is well positioned in a high-growth segment. Its growth is expected to recover to 30 percent over the next two years, according to Credit Suisse.

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Citi on TCS: The brokerage has maintained a 'sell' rating on the stock with a target price of Rs 3,385. The company's margin is expected to remain resilient in FY22 compared to the previous financial year, according to Citi.

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