Thursday's top brokerage calls: UltraTech, BPCL, Infosys, Gujarat Gas and more

SUMMARY

CS maintains 'outperform' on the shares if UltraTech with a target price of Rs 7,500, while Motilal Oswal maintains a 'buy' rating on the shares of Gujarat Gas with a target price of Rs 650. Here are the top brokerage calls for the day -

By CNBCTV18.comJun 23, 2022 8:21:38 AM IST (Updated)

Credit Suisse on Ultratech | Credit Suisse maintains an 'outperform' rating on the shares of UltraTech Cement with a target price of Rs 7,500. The brokerage house notes that potential coal/petcoke price pullback and positive cyclical outlook can drive upside.

CLSA on OMCs | As per CLSA, Indian Oil Corporation & Bharat Petroleum Corporation Limited are better placed than Hindustan Petroleum Corporation Limited due to higher refining integration. The brokerage house names ONGC and Oil India as top buys.

CLSA on IT Services | According to CLSA, deal activity remains strong across market segments. Infosys is top buy, TCS is attractive and risk-reward favourable in HCL Tech, says the brokerage house.

Motilal Oswal on Gujarat Gas | Motilal Oswal maintains a 'buy' rating on the shares of Gujarat Gas with a target price of Rs 650. The brokerage house said that the increased availability of domestic gas will help the company reduce its sourcing cost.