Should you buy, sell or hold Tata Steel, Ambuja Cements, IndiGo, Sun Pharma, and other shares?
Which stocks to buy, hold or sell today? As Dalal Street enters the May 3 session, here's a look at what brokerages make of some of the key stocks trending today. Stocks such as Tata Steel, Ambuja Cements, IndiGo, Sun Pharma, Varun Beverages, and other shares are on their radar today.
Which stocks to buy, hold or sell today? As Dalal Street enters the May 2 session, here's a look at what brokerages make of some of the key stocks in focus.
Stocks like Tata Steel, Ambuja Cements, IndiGo, Sun Pharma, Varun Beverages, HomeFirst Finance, Tech Mahindra, and other shares are on their radar today.
Do you have any of these stocks in your portfolio?
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Check out the full list of what brokerages recommend, including UltraTech Cement, Kotak Mahindra Bank, SBI Cards and Payment Services, RBL Bank, IDFC First Bank, M&M, and other stocks:
After reporting better-than-estimated Q4 numbers, most global brokerages are bullish on Tata Steel shares, and they see the stock price growing up to Rs 150 per share on the back of strong earnings.
|Morgan Stanley||Equal weight||Rs 110|
|JP Morgan||Overweight||Rs 150|
One’s loss is the other’s profit – amid this phenomenon, IndiGo has an advantage with the crisis in Go First Airlines, which was supposed to be listed but now has ceased operations temporarily amid fund crunches.
Most brokerages indirectly see the Go First crisis as positive for IndiGo – the largest airline carrier in terms of market share. BoFA and Credit Suisse have a ‘buy’ and an ‘outperform’, respective, rating on the stock.
|Credit Suisse||Outperform||Rs 2,450|
Brokerages are divided on Adani Group-backed cement major Ambuja Cements a day after the company announced its March quarter earnings on Tuesday. Jefferies and Citi each have a ‘buy’ rating on the stock, while CLSA maintained a ‘reduce’ stance and JP Morgan has a ‘neutral’ call.
|Ambuja Cements (CMP: 394)|
|Brokerage||New Rating||New Target||Old Target|
|CLSA||Reduce||Rs 395||Rs 400|
|Morgan Stanley||Equal weight||Rs 380||Rs 925|
|JP Morgan||Neutral||Rs 385||Rs 405|
|Jefferies||Buy||Rs 480||Rs 490|
|Citi||Buy||Rs 455||Rs 400|
|Morgan Stanley||Overweight||Rs 1,170|
|CLSA||Outperform||Raised to Rs 1,560 from Rs 1,500|
|Jefferies||Buy||Raised to Rs 1,650 from Rs 1,540|
(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.)
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