Wednesday’s top brokerage calls: IEX, GAIL and more – News 24-7 Live News 24-7 Live
Wednesday’s top brokerage calls: IEX, GAIL and more

Wednesday’s top brokerage calls: IEX, GAIL and more

Among brokerages, UBS is bullish on IEX and raised its target price while Goldman Sachs and CLSA retain ‘buy’ calls on GAIL. Here are the top brokerage calls for today:

UBS on IEX: The brokerage maintains a ‘buy’ call on the stock with a target raised to Rs 430 per share from Rs 300 earlier. It expects renewable energy certificates trade to contribute 10 percent to FY22 EPS.

Goldman Sachs on GAIL: The brokerage maintains a ‘buy’ call on the stock with a target at Rs 180 per share. It expects sequential growth to continue with 20 percent EBITDA growth QoQ in Q4.

CLSA on GAIL: The brokerage has a ‘buy’ call on the stock with a target at Rs 170 per share. It added that positive leverage to crude prices is possibly being ignored.

Macquarie on Glenmark: The brokerage has an ‘outperform’ rating on the stock with a target at Rs 595 per share. A reduction in net debt in FY22 is likely to be superior to prior years, added the brokerage. Jefferies on Auto: The brokerage expects March volumes for autos to be up significantly YoY due to the low base. It sees wholesales to be up 11-23 percent MoM for M&M and Ashok Leyland.

Jefferies on AC companies: The brokerage raises FY22-23 EPS estimates by 2-7 percent for Voltas/Blue Star as channel checks suggest a sharp pick-up in AC sales in the last couple of weeks.

News Source: CNBC TV 18

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