Should you buy ONGC, Indian Oil, Vodafone Idea, SAIL, Apollo Hospitals, many other stocks in focus today?
As Dalal Street enters February 16, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such as ONGC, Vodafone Idea, Apollo Hospitals, Bharat Petroleum, Indian Oil and Hero MotoCorp. Check out the full list of what brokerages recommend.
As Dalal Street enters February 16, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such ONGC, Vodafone Idea, Apollo Hospitals, Bharat Petroleum, Indian Oil and Hero MotoCorp.
Check out the full list of what top brokerages recommend:
ONGC shares
ONGC's financial results fell short of CLSA's estimates on account of higher exploration costs and operating expenditure.
| Brokerage | Rating | Target price |
| CLSA | Buy | Rs 225 |
| Morgan Stanley | Overweight | Rs 177 |
| JPMorgan | Neutral | Rs 165 |
| Citi | Upgraded to 'neutral' from 'sell' | Raised to Rs 155 from Rs 130 |
Vodafone Idea shares
| Brokerage | Rating | Target price |
| CLSA | Sell | Reduced by Re 1 to Rs 5 |
| JPMorgan | Underweight | Rs 3 |
| Nomura | Reduce | Reduced to Rs 5 from Rs 8 |
| Credit Suisse | Underperform | Reduced to Rs 4.75 from Rs 5 |
Double whammy for Bharat Petroleum, Indian Oil, Hindustan Petroleum shares
HSBC double downgrades stater-run oil marketing companies Indian Oil, BPCL and HPCL each to 'hold' from 'buy'.
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| Stock | Rating | Target price |
| Indian Oil | Double downgrade to 'hold' from 'buy' | Reduced to Rs 80 from Rs 123 |
| BPCL | Double downgrade to 'hold' from 'buy' | Reduced by Rs 170 to Rs 340 |
| HPCL | Double downgrade to 'hold' from 'buy' | Reduced to Rs 215 from Rs 280 |
The government has slashed the windfall profit tax levied on domestically produced crude oil, aviation turbine fuel and the export of diesel. (Read more on windfall tax relief)
Apollo Hospitals shares
Goldman Sachs is of the view that the company's hospitals business is doing well as its focus shifts to growth in the pharmacy unit. The brokerage, however, lowered its EBITDA estimates for the company for three years ending March 2025 by 2-11 per cent.
| Brokerage | Rating | Target price |
| Jefferies | Buy | Rs 5,375 |
| Apollo Hospitals | Buy | Rs 5,420 |
| Goldman Sachs | Buy | Raised to Rs 5,100 from RS 5,060 |
PI Industries shares
Morgan Stanley maintains an 'overweight' call on PI Industries with a target price of Rs 3,859 — implying upside potential of 23.6 per cent from Wednesday's closing price.
Citi retains 'buy' on PI Industries and raises its target for the stock by Rs 75 to Rs 4,225.
SAIL shares
Citi continues with a 'buy' rating on SAIL with a target price of Rs 100. The company's quarterly performance was better than the brokerage's estimates.
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