Thursday’s top brokerage calls: Airtel, Reliance Industries, MGL, and more
Citi on Bharti Airtel: The brokerage has a ‘buy’ rating on the stock with the target at Rs 660 per share. According to the brokerage, Wednesday’s target hike in the lower-end 2G segment could provide a further 2 percent benefit to its mobile revenues.CLSA on Nestle India: The brokerage has an ‘outperform’ rating on the stock with the target at Rs 18,500 per share, lower than the previous target of Rs 19,000. It noted that the company has missed the topline and margin estimates but that the second quarter normalcy should help recovery.Goldman Sachs on Bharti Airtel: The brokerage has a ‘buy’ rating on the stock with the target at Rs 665 per share. It noted that the tariff hikes have been the companies’ most significant catalyst since 2019.JPMorgan on Nestle: The brokerage has a ‘neutral’ rating on the stock with the target at Rs 17,700 per share. It noted that the company has missed the second-quarter revenue estimates and the gross margins have declined QoQ.Macquarie on MGL: The brokerage has an ‘outperform’ rating on the stock with the target at Rs 1,400 per share. It noted that the company has beat the first-quarter earnings on better margins and volumes.Morgan Stanley on Reliance Industries: The brokerage has an ‘overweight’ rating on the stock with the target at Rs 2,269 per share. The brokerage sees an upgrade cycle ahead as all its businesses see positive operational triggers.UBS on Bharti Airtel: The brokerage has a ‘buy’ rating on the stock with the target at Rs 655 per share. The brokerage said the telecom company has a 4 percent upside to revenues in an optimistic scenario.
