Which stocks to buy, hold or sell today? As Dalal Street enters the April 26 session, here's a look at what brokerages make of some of the key stocks that are in focus.

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Stocks such as Bajaj Auto, Nestle India, Tata Consumer Products, HDFC AMC, Crompton Greaves Consumer, Dalmia Bharat, and other 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 Bajaj Auto, Nestle India, Tata Consumer Products, HDFC AMC, Crompton Greaves Consumer, Dalmia Bharat, and other stocks:

Bajaj Auto

Most global brokerages are upbeat on Bajaj Auto shares a day after the auto major announced its March quarter earnings. The two-wheeler and three-wheeler maker on Tuesday reported a marginal rise in standalone Profit After Tax at Rs 1,468.95 crore for the three months to March 2023.

The auto heavyweight result was above expectations of CLSA and Citi, while it was in line with estimates of Goldman Sachs.

 

Brokerage Rating Price Target
CLSA Outperform Raised to Rs 4,659 from Rs 4,474
JP Morgan Overweight Raised to Rs 5,150 from Rs 4,400
Morgan Stanley Overweight Raised to Rs 5,063 from Rs 4,486
Citi Sell Raised to Rs 4,000 from Rs 3,500
Jefferies Buy Raised to Rs 5,100 from Rs 4,800
Goldman Sachs Neutral Raised to Rs 4,500 from Rs 4,300
Macquarie Neutral Rs 4,541

Nestle India

Similarly, the majority of the global brokerages are also bullish on the Nestle India stocks after the company registered strong figures in its first quarter of the calendar year 2023.

The FMCG major on Tuesday reported an increase of 24.69 per cent in its net profit at Rs 736.64 crore for the first quarter, helped by robust volume growth and pricing.

 

Brokerage Rating Price Target
Morgan Stanley Underweight Rs 15,315
JP Morgan Overweight Rs 21,200
Goldman Sachs Neutral Raised to Rs 22,000 from Rs 19,900
Citi Buy Raised to Rs 24,000 from Rs 22,250
Jefferies Hold Raised to Rs 19,300 from Rs 18,100
HSBC Buy Raised to Rs 23,600 from Rs 23,100
Macquarie Neutral Raised to Rs 21,500 from Rs 20,000
Nomura Buy Raised to Rs 24,100 from Rs 22,900

Tata Consumer Products

Brokerages are impressed with Tata Consumer Products March quarter earnings, which was released on Tuesday and hence most of them suggest to ‘buy’ the shares of Tata group.

The company on Tuesday reported a 21.12 per cent rise in its consolidated net profit at Rs 289.56 crore in the fourth quarter ended on March 31, 2023, led by a mixed growth from volume and price in India business.

 

Brokerage Rating Price Target
Morgan Stanley Overweight Rs 904
Jefferies Buy Rs 860
Nomura Buy Rs 880

 

HDFC Asset Management Company

 

Brokerages are divided on HDFC AMC shares a day after its earnings for the fourth quarter of the financial year 2022-23. The mutual fund company on Tuesday reported a nine per cent growth in profit after tax (PAT) to Rs 376.1 crore for the three months ended March 2023.

 

Brokerage Rating Price Target
CLSA Buy Cut to Rs 2,080 from Rs 2,090
Morgan Stanley Equal weight Rs 1,840
JP Morgan Neutral Cut to Rs 1,890 from Rs 2,150
Citi Sell Raised to Rs 1,706 from Rs 1,880
HSBC Hold Rs 1,850

Crompton Greaves Consumer

 

Brokerage Rating Price Target
CLSA Outperform Cut to Rs 300 from Rs 350
JP Morgan Neutral Cut to Rs 265 from Rs 350
Jefferies Buy Rs 430
Citi Buy Rs 371
Nomura Buy Rs 377
Macquarie Outperform Rs 367

 

Dalmia Bharat

 

Brokerage Rating Price Target
Morgan Stanley Overweight Rs 2,260
Jefferies Buy Rs 2,310
Macquarie Outperform Rs 2,260

 

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(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)