Should you buy, sell or hold Hindustan Zinc, SBI Life, Bajaj Finance, other stocks in focus today?
Which stocks to buy, hold or sell today? As Dalal Street enters the March 22 session, here's a look at what brokerages make of some of the key stocks in focus. Stocks such as InterGlobe Aviation, Hindustan Zinc, HDFC Life Insurance and SBI Life Insurance are on their radar.
Which stocks to buy, hold or sell today? As Dalal Street enters the March 22 session — here's a look at what brokerages make of some of the key stocks in focus. Stocks such as Hindustan Zinc, HDFC Life Insurance, SBI Life Insurance, Mahindra & Mahindra and others are on their radar.
Do you have any of these stocks in your portfolio?
Check out the full list of brokerage calls on InterGlobe Aviation, Hindustan Zinc, HDFC Life Insurance, SBI Life Insurance, Mahindra & Mahindra, InterGlobe Aviation, Life Insurance, ICICI Prudential Life Insurance, Max Financial Services, Manappuram Finance, Mahindra & Mahindra, Bharti Airtel, Bajaj Finance and Sula Vineyards:
InterGlobe Aviation shares
Citi upgrades to 'buy' from 'sell', the target price raised to Rs 2400 from Rs 1950.
Hindustan Zinc shares
Citi maintains 'sell' for Hindustan Zinc, the price is targeted to Rs 260.
Hindustan Zinc announced its fourth interim dividend of Rs 26 per share, implying a cash outflow of Rs 109.9 billion ($1.3 billion). The company paid a total dividend of Rs 75.5 per share in FY23, implying cash outflow of $3.9 billion. Following fourth dividend, est. HZL will turn net debt from net cash.
Life Insurance shares
CLSA says that near-term growth in first half of CY 2024 could see an impact from pre-buying in Feb-Mar 2023.The insurers are preparing for mitigating growth factors.
There is a small possibility of LTCG (long term capital growth) which reduces IRR (internal rate of return) impact from 115bps now to 30bps, could reverse a large part of budget negatively.
HDFC Life Insurance Co shares
CLSA upgrades to underperform from 'sell', target price raised to Rs 500 from Rs 460.
SBI Life Insurance Co shares
CLSA upgrades to 'buy' from outperform, target price raised to Rs 1325 from Rs 1225.
ICICI Prudential Life Insurance shares
CLSA maintains outperform, target price raised to Rs 485 from Rs 460.
Max Financial Services shares
CLSA upgrades to 'buy' from underperform, target price raised to 780 from 760
Manappuram Finance shares
Morgan Stanley maintains overweight, target price is Rs 160.
Analysts guide for 20 per cent loan growth and 20 per cent ROE in FY24, driven by non-gold businesses. For gold loans, they guided for 6-8 per cent growth in F24, conservatively.
However, diversification will happen at a rapid pace but gold loan yields are sustainable within guided range of 21-22%. Reiterated board will take appropriate call on management change in due time.
Mahindra & Mahindra shares
CLSA maintains 'buy' target at Rs 1619.
The company is trying to supply chain bottlenecks easing & planning multiple EV launches, according to its management. The company may also plan for mass market electric SUVs and focus on supply chain management for EVs. Mahindra & Mahindra says, electric tractors only for niche applications currently.
Bharti Airtel shares
Morgan Stanley maintains overweight, target price is Rs 860
Bajaj Finance shares
Morgan Stanley maintains overweight, targets Rs 8000
CLSA initiates 'buy', targets Rs 475
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