Should you buy, hold or sell ITC, Britannia, HDFC Life, SBI Life, Titan, Zomato shares now?

Here's a list of top brokerage calls today on stocks such as ITC, Britannia, HDFC Life, SBI Life, Titan and Zomato.

Here is a full list of what brokerages make of stocks such as Britannia, ITC, HDFC Life, Titan and Zomato. | Representational image | Source: Pixabay

Top brokerages have shared a number of calls as Dalal Street enters the February 2 session, a day after Finance Minister Nirmala Sitharaman unveiled a wholesome Budget 2023. On their radar are stocks such as Britannia, ITC, HDFC Life, SBI Life, DLF, Zomato, Titan and Max Financial.

Here's the complete list of brokerage views on some of the key stocks in focus today:

Real estate

CLSA maintains a 'reduce' call on Macroteach Developers and reduces its target to Rs 1,083 from Rs 1,102.

Here are some of the brokerage's other calls in the space:

Brokerage	Stock	Rating	Target
CLSA	DLF	Buy	Reduced to Rs 458 from Rs 470
CLSA	Oberoi Realty	Outperform	Reduced to Rs 906 from Rs 925
CLSA	Embassy Office	Buy	Reduced to Rs 381 from Rs 400

Insurance stocks

CLSA reduces the target price for the stocks in its coverage on the sector by 25-35 per cent. The brokerage:

Downgrades HDFC Life to 'sell'
Downgrades Max Financial to 'underperform' from 'buy'
Downgrades ICICI Prudential and SBI Life to 'outperform' from 'buy'

Brokerage	Stock	Rating	Target
Citi	HDFC Life	Buy	Reduced to Rs 595 from Rs 695
Nomura	HDFC Life	Buy	Rs 660
Macquarie	HDFC Life	Outperform	Rs 655
Citi	SBI Life	Buy	Reduced to Rs 1,657 from Rs 1,825
Credit Suisse	SBI Life	Neutral	Rs 1,230
Nomura	SBI Life	Buy	Rs 1,625
Macquarie	SBI Life	Outperform	Rs 1,580

Here's what Morgan Stanley thinks of the space:

Budget proposals likely to impact business growth from high net worth individuals
Budget proposals likely to impact growth in non-participating guaranteed return segment
Products have been drivers of annual premium equivalent (APE) growth and value of new business (VNB) margin expansion in recent years
See meangiful downside risks to FY24 APE and VNB growth forecasts

ITC shares

Brokerage	Stock	Rating	Target
Morgan Stanley	ITC	Overweight	Rs 374
Jefferies	ITC	Buy	Rs 415
Goldman Sachs	ITC	Buy	Raised to Rs 430 from Rs 410
Citi	ITC	Buy	Raised to Rs 415 from Rs 390

Titan shares

CLSA upgrades Titan to 'buy' from 'outperform' with a target price of Rs 3,000.

The brokerage retains a 'sell' call on Pidilite Industries and reduces its target for the stock to Rs 2,035 from Rs 2,235.

Britannia shares

Here's what brokerages make of the FMCG major's stock:

Brokerage	Rating	Target
Morgan Stanley	Overweight	Rs 4,427
Jefferies	Buy	Rs 5,000
Nomura	Buy	Rs 5,200
Macquarie	Neutral	Rs 4,000

According to Jefferies, Britannia's strong quarterly performance is driven entirely by its margin, which nears a record level owing to correction in input costs and the raw material inventory.

Paint stocks

Brokerage	Stock	Rating	Target
CLSA	Asian Paints	Downgrade to 'sell' from 'underperform'	Reduced to Rs 2,580 from Rs 3,100
CLSA	Kansai Nerolac	Buy	Reduced to Rs 510 from Rs 560