Which stocks to buy, hold or sell today? As Dalal Street enters the May 23 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are scrips such as Bharat Petroleum, HDFC AMC, Zomato and Shree Cement.

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BPCL shares

BPCL's core earnings beat Morgan Stanley's estimates with a strong refining margin. The brokerage expects the company's strong margin to continue.    

According to the brokerage, strong demand for oil products and crude discounts support the oil marketing company's recovery. 

Brokerage Rating Target price
CLSA Buy Raised to Rs 480 from Rs 405
Morgan Stanley Overweight Rs 390
Jefferies Buy Rs 445

HDFC AMC shares

JPMorgan downgraded HDFC AMC to 'underweight' from 'neutral' and reduced its target price for the stock to Rs 1,580 from Rs 1,890. 

Aditya Birla Fashion and Retail shares

Morgan Stanley maintained 'underweight' on Aditya Birla Fashion and Retail and reduced its target price for the stock to Rs 176 from Rs 195. The company's quarterly numbers fell short of the brokerage's as well as consensus estimates.

Citi retained a 'buy' call on Aditya Birla Fashion and Retail but reduced its target to Rs 260 from Rs 320.

Zomato shares

Macquarie downgraded Zomato to 'underperform' from 'neutral' with a target of Rs 55. The brokerage reduced its net loss estimates for the company for the two financial years ending March 2025 citing its focus on unit economics. 

The brokerage continues to see Zomato as a leader in food delivery and points out that as the company's monthly transacting users remain steady for seven quarters in a row.   

PB Fintech shares

Brokerage Rating Target price
CLSA Outperform Raised to Rs 720 from Rs 710 
Morgan Stanley Overweight Rs 810
Citi Buy Raised to Rs 820 from Rs 800 

Shree Cement shares

Brokerage Rating Target price
Morgan Stanley Equal-weight Rs 25,600
Jefferies Hold Rs 21,850

PowerGrid shares

Brokerage Rating Target price
JPMorgan Overweight Raised to Rs 265 from Rs 255 
Citi Buy Raised to Rs 288 from Rs 275 

Citi continues to like PowerGrid for the company's relatively stable business model with a healthy return on equity.  

Samvardhana Motherson shares

JPMorgan initiated coverage on Samvardhana Motherson International with an 'Overweight' rating and a target price of Rs 95. 

Exide shares

JPMorgan continued with an 'overweight' rating on Exide and raised its target price for the battery manufacturer's stock to Rs 245 from Rs 225. 

Concor shares

Brokerage Rating Target price
HSBC Hold Raised to Rs 690 from Rs 675 
Macquarie Revised to 'neutral' from 'underperform' Rs 620

Sansera Engineering shares

Nomura maintained a 'buy' call on Sansera Engineering with a target price of Rs 1,014.

Fusion Micro Finance shares

CLSA kept a 'buy' call on Fusion Micro Finance and raised target price for the stock to Rs 625 from Rs 550. 

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