Should you buy, sell or hold Hero MotoCorp, Ambuja, Paytm shares? Here's what analysts suggest

Brokerages have mixed views on Hero MotoCorp, Adani Ports and Ambuja Cements, a day after the companies reported their financial results for the December quarter. 

Should you buy, sell or hold Hero MotoCorp, Ambuja, Paytm shares? Here's what analysts suggest
Image Source: PTI

Brokerages remain positive on Bharti Airtel after the telecom major reported a 91.4 per cent jump in its quarterly profit. They have mixed views on Hero MotoCorp, a day after the auto maker reported a mute set of earnings.

Here's what global brokerages make of some of the key stocks in focus today:

Bharti Airtel shares

Goldman Sachs and CLSA each maintain a ‘buy’ rating on Bharti Airtel, whereas Credit Suisse and Macquarie each retain ‘outperform’.

Brokerage Rating Target price
CLSA Buy Rs 1,015
Goldman Sachs Buy Rs 875
Credit Suisse Outperform Rs 950
Macquarie Outperform Rs 833
Morgan Stanley Overweight Rs 860
JPMorgan Underweight Rs 700

Hero MotoCorp shares

 

The company's consolidated net profit increased 2.4 per cent to Rs 721.24 crore for the quarter ended December 2022, according to a regulatory filing.

Brokerage  Rating Target price
Morgan Stanley Underweight Rs 2,289
Jefferies Buy Rs 3,200
CITI Buy Rs 3,300

Adani Ports shares

CLSA upgrades Adani Ports to ‘buy’ from ‘accumulate’ but reduced its target price to Rs 700 from Rs 792. 

Brokerage Rating Target price
CLSA Buy Rs 700
Goldman Sachs Buy Rs 840

Ramco Cements shares

Brokerage Rating Target price
CLSA Reduce Rs 765
Jefferies Underperform Rs 630
Macquarie Neutral Rs 736

Ambuja Cements shares

Brokerage Rating Target price
Morgan Stanley Underweight Rs 405
Jefferies Buy Rs 615

Paytm

Macquarie has given a double upgrade on Paytm to ‘outperform’ from ‘underperform’, and raised its target price for the stock to Rs 800 from Rs 450 per share. The biggest surprise from the company is its distribution business and control of cashbacks, according to the brokerage. 

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Written By: Vaibhav Gautam Bansode
Edited By: Sandeep Singh
Updated: Wed, Feb 08, 2023
12:30 pm
Mumbai, ZeeBiz WebDesk
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