Should you buy, sell or hold Bharti Airtel, Hero MotoCorp, ITC, Cipla, PowerGrid shares today?
Brokerages are bullish on Nifty50 companies Bharti Airtel, Hero MotoCorp, ITC, Cipla and PowerGrid. Heres what they recommend on these and other stocks in focus on Dalal Street on Tuesday.
Brokerages are upbeat on Bharti Airtel, Hero MotoCorp and ITC shares. Here's what they recommend on these and other stocks in focus on Dalal Street on Tuesday.
Here's what top brokerages make of some of the key stocks in focus today, including Bharti Airtel, Hero MotoCorp and ITC:
Bharti Airtel shares
Morgan Stanley maintains an ‘overweight’ rating on Bharti Airtel with a target price of Rs 860 apiece. According to the brokerage, the telecom company has been the first mover in taking entry-level tariffs higher and competition has still not reacted.
Bharti Airtel has rolled out higher minimum recharge plans across two more circles, according to Morgan Stanley, which is of the view that these plans could eventually be rolled out pan-India.
Hero MotoCorp shares
Citi remains bullish on Hero MotoCorp with a ‘buy’ rating and a target price of Rs 3,300 apiece. According to the brokerage, demand drivers are in place but a revival is expected over the next 2-3 quarters.
The brokerage highlights that the Hero MotoCorp Vida V1 electric scooter, currently available in three cities, will reach 10 cities by the end of the current financial year.
Samvardhana Motherson shares
Brokerages are divided on Samvardhana Motherson International after the auto part maker acquired Germany's SAS Autosystemtechnik.
| Brokerage | Rating | Target price |
| CLSA | Buy | Rs 98 |
| Morgan Stanley | Underweight | Rs 70 |
| CITI | Sell | Rs 65 |
| Nomura | Neutral | Rs 88 |
ITC shares
Goldman Sachs has a ‘buy’ call on ITC with a target of Rs 450 apiece.
The company's valuation is in line with the brokerage's estimates with a 15-year average despite ramp-up of its FMCG business and improved capital allocation. Goldman Sachs believes ITC's valuation discount to the India FMCG is way below long-term average.
Cipla shares
| Brokerage | Rating | Target price |
| JPMorgan | Overweight | Rs 1,210 |
| Macquarie | Outperform | Rs 1,215 |
PowerGrid shares
JPMorgan maintained an ‘overweight’ rating on the stock with a target price of Rs 250 per share. There is a potential upside to capex guidance and the company has won five state projects under TBCB (tariff-based competitive bidding) mode, according to the brokerage.
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