Call Broker: Assessment is not cheap but the income momentum makes Morgan Stanley ‘overweight’ in Bajaj Finance while Citi has initiated a ‘selling’ call on L & T technology stock. Here is the top broker call for today:
Morgan Stanley in Bajaj Finance | Assessment is not cheap but the momentum of profit makes the ‘overweight’ broker.
CLSA in Bajaj Finance | NBFC provides a strong quarter assisted by the festival season, CLSA noted. Brokers have raised the estimated EPS FY22-24 by 3-8 percent while maintaining a ‘sell’ call in stock.
Credit Suisse in ICICI Prudential Life Insurance | Brokers have maintained a ‘poor performance’ call on the shares of life insurance companies. It has cut EPS estimates FY22 and FY23 of 16 percent and cut EPS FY24 estimates 11 percent because of higher claims.
Citi on L & T Tech | Citi has initiated the ‘sales’ recommendation on the L & T technology stock with the target price of Rs 4,430. Brokers have revised the EPS FY22-24 little by 0-2 percent.
CLSA on L & T Tech | Comments about the prospect of healthy medium-term growth, CLSA recorded. Rich assessment and can still increase with upcycle requests, CLSA said.
The post Wednesday’s top brokerage calls: Bajaj Finance, L&T; Tech and ICICI Prudential first appeared on Businessely.com.