iStockGlobal brokerage firm Morgan Stanley maintained its overweight stance on while CLSA maintained buy calls on and .
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Morgan Stanley on : Overweight| Target Rs 3085
Morgan Stanley maintained its overweight stance on RIL with a target price of Rs 3085. RIL's fourth investment cycle has the potential to double profits by 2027, it said.
"RIL has evolved to create value in every investment cycle. Investment cycles have unwound with ~2-3x value creation for shareholders in the last two decades," Morgan Stanley said.
The global investment bank is bullish on Reliance Industries and has moved it to its top pick.
CLSA on ICICI Bank and SBI: Buy
CLSA maintained its positive view on banks, and ICICI Bank and SBI remain its top picks in the sector with a target price of Rs 1040 and Rs 660, respectively.
"Credit growth has surprised positively over the past 12 months for the sector. A big uptick has been in NBFCs (27% YoY growth), trade, and other services," CLSA said.
The global investment bank expects credit growth of 12/11 per cent in FY23/24.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Morgan Stanley on : Overweight| Target Rs 3085
Morgan Stanley maintained its overweight stance on RIL with a target price of Rs 3085. RIL's fourth investment cycle has the potential to double profits by 2027, it said.
"RIL has evolved to create value in every investment cycle. Investment cycles have unwound with ~2-3x value creation for shareholders in the last two decades," Morgan Stanley said.
The global investment bank is bullish on Reliance Industries and has moved it to its top pick.
CLSA on ICICI Bank and SBI: Buy
CLSA maintained its positive view on banks, and ICICI Bank and SBI remain its top picks in the sector with a target price of Rs 1040 and Rs 660, respectively.
"Credit growth has surprised positively over the past 12 months for the sector. A big uptick has been in NBFCs (27% YoY growth), trade, and other services," CLSA said.
The global investment bank expects credit growth of 12/11 per cent in FY23/24.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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