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Tuesday's top brokerage calls: Sun TV, Torrent Pharma and more

SUMMARY

Among brokerages, Macquarie has an 'outperform' rating on Sun TV while UBS is 'neutral' post its December quarter earnings. Meanwhile, CLSA and Citi are bullish on Torrent Pharma after a good Q3 show. Here are the top brokerage calls for today:

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By CNBCTV18.com Feb 9, 2021 8:53:41 AM IST (Published)

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CLSA on Sun TV: The brokerage maintains a 'buy' call on the stock with a target at Rs 645 per share. It said that Sun TV is ramping up its movie business and raised the FY21-23 profit estimate by 4-8 percent.

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Macquarie on Sun TV: The brokerage maintains an 'outperform' call on the stock with a target at Rs 612 per share. Sun TV’s current valuations are still undemanding, Macquarie added.

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UBS on Sun TV: The brokerage is 'neutral' on the stock with a target at Rs 505 per share. Sun TV’s advertising recovery is weaker than expected, UBS said, adding that Sun NXT will aid subscription revenue going ahead.

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CLSA on Torrent Pharma: The brokerage has a 'buy' call on the stock with a target at Rs 3,560 per share. The company's India positioning is strong, CLSA said after a good Q3 show.

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Citi on Torrent Pharma: The brokerage has a 'buy' call on the stock with a target at Rs 3,100 per share. The firm sees a strong margin, it added.

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Credit Suisse on Torrent Pharma: The brokerage maintains an 'underperform' call on the stock with a target at Rs 2,280 per share. Q3 an in-line quarter for Torrent Pharma, CS said, reinforcing view of high margin expectations.

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Credit Suisse on Godrej Consumer: The brokerage maintains an 'outperform' call on the stock with a target at Rs 875 per share. It is positive on the firm's medium-term push to become a broad-based household and personal care company.

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Nomura on PNC Infra: The brokerage maintains a 'buy' call on the stock and raised the target to Rs 364 per share from Rs 255 earlier. Large order book, low leverage-positive catalysts for PNC Infra, it added.

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