Infosys Stock Price: Hot Stocks: Brokers on Reliance Industries, Delhivery and Infosys | Techno Glob

Brokerage firm Morgan Stanley maintained an overweight rating on , Citigroup retained a buy call on Delhivery and Jefferies says it prefers .

We’ve put together a list of recommendations from the best brokerage firms from ETNow and other sources:

Morgan Stanley on: Overweight | Target Rs 3085

Morgan Stanley maintained an overweight rating on Reliance Industries with a target price of Rs 3085. The earnings upgrade cycle is taking shape with the new investment round, the rating said.

Supply-side challenges are expected to keep refining margins high, he said. Retail is seeing good traction on store additions, the note adds.

Citigroup on Delhivery: Buy| Target Rs 688

Citigroup maintained its buy rating on Delhivery with a target price of Rs 688. The festive season e-commerce sales appear to be off to a good start, the rating said.

However, the global investment bank is revising FY23E e-commerce package volume estimates down by 6%.

Morgan Stanley on the IT sector: prefer Infosys to TCS

Morgan Stanley in an IT sector note pointed out that it prefers Infosys over TCS with a target price of Rs 1,550.

The global investment bank believes that margin-driven EPS downward revisions are likely to continue for the IT sector in the second quarter. QoQ growth rates are expected to be in line with or better than the first quarter, the note said.

The lack of revision to revenue forecasts for fiscal year 2023 implies a difficult outlook for the second half. He prefers Infosys to TCS, and

on L&T Technology Services. The global investment bank has a target price of Rs 1550 on Infosys.

(Disclaimer: The 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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