Monday's top brokerage calls: Reliance Industries, financials and more

SUMMARY

Among brokerages, Morgan Stanley is bullish on Reliance Industries and raised the target price post its acquisition of Future Retail. Meanwhile, CLSA remains positive on the top four private banks and SBI (ex-Kotak Bank). Here are the top brokerage calls for today:

By CNBCTV18.comAug 31, 2020 8:21:54 AM IST (Published)

Morgan Stanley on Reliance Industries: The brokerage is 'overweight' on the stock and has raised the target to Rs 2,247 from Rs 1,801 earlier.

CLSA on Reliance Industries: The brokerage maintains 'outperform' call on the stock post the deal with Future Group. It added that acquisition will add 4.1 percent to the market share of its organised retail and take it to 17.8 percent.

CLSA on Financials: CLSA remains positive on the top four private banks and SBI (ex-Kotak Bank). It added that the near-term outlook remains challenging for the space.

CLSA on Jubilant FoodWorks: The brokerage maintains 'outperform' rating on the stock with a target at Rs 2,095 per share. It is well-positioned to improve its unit economics, added CLSA.