homephotos Newsmarket NewsVoltas, Dalmia Bharat, M&M Financial, LIC Housing Finance: Thursday's top brokerage calls

Voltas, Dalmia Bharat, M&M Financial, LIC Housing Finance: Thursday's top brokerage calls

SUMMARY

Nomura has upgraded its rating on Voltas to buy while Morgan Stanley has an overweight stance on M&M Financial Services. Here are the top brokerage calls for the day -

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By Kanishka Sarkar  Nov 3, 2022 9:12:20 AM IST (Published)

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Morgan Stanley has an 'overweight' stance on M&M Financial as the company's profit beat is due to much lower provisions

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Morgan Stanley has an 'overweight' rating on Dalmia Bharat. According to the brokerage, the key highlight was slightly better realisations, offset by a tad lower volumes.

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Jefferies has given a 'buy' rating on Dalmia Bharat as it said both realisations and cost per tonne are largely in-line.

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Nomura has upgraded its rating of Voltas to 'buy', saying margin is expected to revive over the next few years.

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Morgan Stanley has given an 'underweight' rating on LIC Housing Finance, saying there's been sharp decline in NIM largely due to yield sacrifice to retain customers

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