1 / 4CLSA on HDFC Life: The brokerage has retained an 'outperform' rating on the stock with a target price of Rs 790. The demand for life insurance products has recovered well after the second wave of the pandemic, according to CLSA. SBI Life is CLSA's top pick in the insurance basket.
2 / 4CLSA on RBL Bank: The brokerage has maintained a 'buy' call on the stock with a target price of Rs 235. Growth is expected to remain muted in FY22 for the lender, which needs to catch up in improving its provisioning coverage ratio, according to CLSA. Growth, however, may recover to mid-teens by FY23, it added.
3 / 4Bernstein on Abbott: The brokerage has retained an 'underperform' rating on the stock with a target price of Rs 14,075. The company has not enjoyed the kind of returns that some of its largecap peers did in FY21, and its large brands remain under stress with new threats emerging, according to Bernstein.
4 / 4Credit Suisse on Gujarat Gas: The brokerage has downgraded the stock to 'neutral' with a target price of Rs 684. The company posted an EBITDA loss on incremental industrial volumes sourced on high spot prices, which either impact the margin or volume, Credit Suisse said.
