Thursday’s top brokerage calls: Adani Ports, Tata Motors, GAIL, and more
Macquarie on IT: Infosys and L&T Infotech are Macquarie’s top picks in the IT space. It expects strong demand tailwinds for IT companies, aided by cloud and digital transformation.Jefferies on Adani Ports: The brokerage is ‘overweight’ on the stock with the target at Rs 910 per share. It said the company underperformed Nifty by 14 percent since questions were raised for FPI holdings in group companies. Such instances in the past have been buying opportunities, it said.Jefferies on GAIL: The brokerage maintained ‘hold’ on the stock with the target at Rs 150 per share. It said any significant correction in the crude prices remains a key risk to the company.Jefferies on Tata Motors: The brokerage maintains ‘buy’ rating on the stock with the target at Rs 435 per share. It said that the company is sanguine on demand and can deliver margin once the shortages ease.Morgan Stanley on JSPL: The brokerage is ‘equal-weight’ on the stock with the target at Rs 535 per share.Nomura on Tata Motors: The brokerage is ‘neutral’ on the stock with the target at Rs 353 per share. It said the production in the second half of FY22 will improve sequentially.
