Should you buy SBI, ITC, Divis, Paytm, Bank of Baroda, IndiGo shares now?
Most brokerages are bullish on large ap stocks such as ITC, SBI, Divi's Lab as well as on stocks from broader markets like BoB, IndiGo, Paytm among others.
ITC, SBI and Divi's Laboratories each won a thumbs up from brokerages with their healthy set of results for the quarter ended December 2022. They are also positive on Paytm, Bank of Baroda and IndiGo among companies their reported their earnings last week.
Here's what brokerages make of some of the top stocks in focus on February 6:
Brokerages are upbeat on cigarettes-to-hotels conglomerate ITC after the company's strong earnings. Morgan Stanley and JPMorgan have maintained an ‘overweight’ rating on the stock.
ITC's strong results and positive implications from the Union Budget augur well for the stock, according to Morgan Stanley.
|Morgan Stanley||Overweight||Rs 415|
State Bank of India (SBI), the country's largest lender by assets, reported a strong set of results on Friday that was better than the estimates of most brokerages.
|Morgan Stanley||Overweight||Rs 715|
|JP Morgan||Overweight||Rs 720|
|Goldman Sachs||Buy||Rs 788|
Divis Labs shares
|Morgan Stanley||Underweight||Rs 2,766|
|Goldman Sachs||Buy||Rs 3,375|
Bank of Baroda shares
|JP Morgan||Overweight||Rs 220|
|Morgan Stanley||Overweight||Rs 220|
Interglobe Aviation (IndiGo) shares
|JP Morgan||Overweight||Rs 2,400|
|Goldman Sachs||Buy||Rs 2,360|
Brokerages are upbeat on Paytm after the release of the digital payments company's financial results. CLSA, Goldman Sachs and CITI each have a ‘buy’ call on the stock.
|Morgan Stanley||Equalweight||Rs 695|
|Goldman Sachs||Buy||Rs 1,150|
|Morgan Stanley||Overweight||Rs 582|
M&M Financial Services shares
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