Among brokerages, Citi and Macquarie are bullish on Infosys after the acquisition of Kaleidoscope Innovation. Meanwhile, CLSA downgraded Jubilant Food’s rating to ‘underperforming’ from ‘outperforming’. Here are the top brokerage calls for today:
Citi at Infosys: The brokerage initiated a ‘buy’ call on the shares with a target of Rs 1,000 after the company’s announcement of the acquisition of Kaleidoscope Innovation. She added that the big boost brings comfort in visibility.
Macquarie at Infosys: The brokerage maintained a “outperform” option on the stock and raised the target to Rs 1,130 per share from Rs 910 earlier. The company is expected to post the highest dollar revenue growth during fiscal 21-23 among large-cap IT companies.
CLSA at Jubilant Foodwoks: The brokerage downgraded the stock to ‘underperforming’ from ‘best performing’ but raised its target to Rs 2,245 from Rs 2,090 earlier. You think the valuation is rich at current levels.
Jefferies at the ports of Adani: The brokerage held a “call” option on the stock with a target of Rs 415 per share. She added that the company has the solid balance sheet to acquire and bid for incremental assets.
CLSA on CreditAccess: The brokerage began the CreditAccess coverage with a “buy” rating. She believes that the company is in a better position to take advantage of the opportunity from Indian MFIs.
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