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Tuesday's top brokerage calls: Steel companies, L&T Infotech and more

SUMMARY

Among brokerages, CLSA upgraded Tata Steel to 'outperform' from 'sell' while Kotak maintained 'add' on L&T Infotech with a target at Rs 2,800. Here are the top brokerage calls for today:

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By CNBCTV18.com Sept 29, 2020 9:06:23 AM IST (Published)

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CLSA on Steel: The brokerage said that while the domestic demand for steel has improved, the outlook remains uncertain. It upgraded Tata Steel to 'outperform' from 'sell' while retaining a 'sell' call on JSW Steel.

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Kotak on L&T Infotech: The brokerage maintains 'add' on the stock with a target at Rs 2,800. It said that the firm is well-positioned to lead the industry on growth.

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CLSA on Oil and Gas: The brokerage said that India's oil product demand remains weak with no big gains in Asian GRMs. Indian oil product demand fell 16.2 percent in August on a YoY basis, it added.

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Jefferies on Midcaps: The brokerage says most key raw materials for midcaps are global commodities. Its top midcap picks are Crompton, Supreme Ind & Kajaria Ceramics.

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Jefferies on Autos: The brokerage says passenger vehicle and two-wheeler registrations have held up well in recent weeks. Trucks, while still low in absolute terms, have been improving sequentially, it added.

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