Markets Today: Stock alert! What brokerages have to say about HEG, RIL, GSPL, L&T and MSSL shares - Check price target levels here

Decoding the brokerages' report, Zee Business Research Analyst Ashish Chaturvedi explains the metrics behind the stocks that could surge or decline depending on the multiple factors brokerages list out.

In this regard, CLSA and Morgan Stanley have given good reports for Larsen and Toubro after the company’s virtual conference. Both the brokerage firms are bullish on the stock as they raised their price target of the stock.  

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CITI maintaining a Buy stance expects the stock to grow by Rs 1685 per share, while Morgan Stanley gave an Overweight option expecting the stock would grow by Rs 1816 per share. The stock at present trading at Rs 1533 per share, up around one and a half per cent on Friday.

L&T’s management expects execution should be at a faster pace as the second wave of Covid-19 impacted the business less as compared to the first. Similarly, the brokerages say to improve ROEs (return on equity), L&T may launch a buyback offer and it will also see a result impact.

On the back of strong Q4 results on Thursday, Macquarie maintains an Outperform rating for GSPL with a price target of Rs 250 per share. While CLSA is seen more bullish on GSPL as it expects the stock would surge by Rs 410 per share amid strong strong volume growth of the company.

Whereas, Jefferies maintaining a Buy call on HEG, says an operational cycle is turning favourable for graphite electrodes. It further added, capacity utilisation improved to 85 per cent in Q4 from 45 per cent in Q1, similarly electrode prices have risen to year-to-date and sets a target of Rs 3065 apiece.

Giving an Outperform rating on Reliance, CLSA pointed out the earnings upgrades still unlikely despite the recent petchem spike. The brokerage firm added, it may not be enough to offset risk to recovery in refining margin and telecom tariff hike. It sets a target of Rs 2250 per share.

Motherson Sumi surged by 15 per cent on its Q4 result announcement on Wednesday, however, declined by around 7 per cent on Thursday. CITI downgrades Motherson Sumi to Sell as it finds risk-reward unfavourable and reduces the price target to Rs 215 per share.  

Whereas, JP Morgan maintained a Buy call on ONGC with a target of Rs 190 per share. It believes, the stock is positioned similarly to metals last year. ONGC had been the biggest opener today on Nifty50.