Should you buy, sell or hold SBI Card, BEL, Vedanta, Infosys, TCS, Wipro and other stocks in focus today?
Which stocks to buy, hold or sell today? As Dalal Street enters the last day (March 31) of this week, here's a look at what brokerages make of some of the key stocks in focus. Stocks such as BEL, Vedanta, SBI Card, Infosys, TCS, Wipro and Tech Mahindra are on their radar.
Which stocks to buy, hold or sell today? As Dalal Street enters the last day (March 31) of this week, here's a look at what brokerages make of some of the key stocks in focus.
Stocks such as Bharat Electronics Limited (BEL), Vedanta, SBI Card, Infosys, TCS, Wipro, Tech Mahindra and other IT shares are on their radar today.
Do you have any of these stocks in your portfolio?
Check out the full list of what brokerages recommend, including BEL, Vedanta, SBI Card, TCS, and Infosys among other stocks:
Bharat Electronics Limited (BEL) shares
Global brokerages see good growth in overall business as well as the stock price of Bharat Electronics Limited (BEL). They are upbeat on the stock mainly on the order wins from the armed forces and mention that this gives visibility on the revenue growth going forward.
Morgan Stanley maintained an ‘overweight’ stance on Bharat Electronics with a target of Rs 119 per share, while Jefferies has a buy rating on the counter with a target of Rs 125 apiece.
Brokerage | Rating | Price Target |
Morgan Stanley | Overweight | Rs 119 |
Jefferies | Buy | Rs 125 |
As per Jefferies, the company has been gaining a share in spend on the back of indigenisation and added that secular theme offers some protection in an uncertain global recessionary environment.
Vedanta shares
Citi maintains a ‘neutral’ rating on Vedanta with a reduced target of Rs 265 per share from Rs 335 apiece. The mining major earlier this week had announced a bumper dividend to its shareholders.
SBI Card and Payment Services shares
Jefferies initiates a ‘buy’ coverage on SBI Card and Payment Services with a target of Rs 900 as it believes the company’s large customer base and wide co-branded card tie-ups to drive market share gain and expects the net interest margins should bottom out in the first half of FY24.
Macquarie on IT sector
Demand “air pocket” may be seen in the first quarter of the FY24 due to delays in decision-making over February-March 2023, Macquarie said on the IT sector. Here, air pocket is considered as a period of temporary turbulence caused by bad news.
Stocks | Rating | Price Target |
Infosys | Outperform | Raised to Rs 1,770 from Rs 1,700 |
HCL Technologies | Outperform | Raised to Rs 1,580 from Rs 1,520 |
TCS | Outperform | Cut to Rs 4,510 from Rs 4,580 |
Wipro | Outperform | Cut to Rs 470 from Rs 530 |
Tech Mahindra | Neutral | Cut to Rs 1,090 from Rs 1,120 |
Mphasis | Neutral | Cut to Rs 1,640 from Rs 1,880 |
However, the brokerage firm said that the demand looks robust for the rest of 2023 and expects double-digit growth for India tier-1 in the next three-five years.
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10:06 AM IST