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

We have compiled a list of recommendations from top ETNow brokerage firms and other sources:


Morgan Stanley in: Overweight| Target 3085 Rs

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

Supply-side challenges should keep refining margins high, he said. Retail is seeing good traction in store additions, the note added.

Citigroup in Delhivery: Buy| Target Rs 688

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

However, the global investment bank revises down its FY23E e-commerce parcel volume estimates by 6%.

Morgan Stanley in IT sector: Prefers Infosys over TCS

Morgan Stanley in a note on the IT sector highlighted that it prefers Infosys over TCS with a target price of Rs 1,550.

The global investment bank sees EPS margin cuts likely to continue for the IT sector in the second quarter. QoQ growth rates should be in line or better than Q1, the note said.

The lack of revision to fiscal 2023 revenue guidance implies a difficult outlook for the second half. Prefer Infosys over TCS e

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

(Disclaimer: Recommendations, suggestions, views and opinions of experts are own. These do not represent the views of Economic Times)



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