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.
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:
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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:
|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|
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'
|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
|Morgan Stanley||ITC||Overweight||Rs 374|
|Goldman Sachs||ITC||Buy||Raised to Rs 430 from Rs 410|
|Citi||ITC||Buy||Raised to Rs 415 from Rs 390|
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.
Here's what brokerages make of the FMCG major's stock:
|Morgan Stanley||Overweight||Rs 4,427|
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.
|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|
CLSA continues with a 'buy' rating on Zomato but reduces its target price by Rs 15 to Rs 70.
Ashok Leyland shares
Here's what brokerages recommend on the auto maker's stock:
|Morgan Stanley||Overweight||Rs 175|
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