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.

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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?

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:

Tata Steel

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.

 

Brokerage Rating Price Target
CLSA Outperform Rs 125
Morgan Stanley Equal weight Rs 110
Jefferies Buy Rs 145
JP Morgan Overweight Rs 150

 

IndiGo

 

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.

 

Brokerage Rating Price Target
BoFA Buy Rs 2,700
Credit Suisse Outperform Rs 2,450

 

Ambuja Cements

 

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

 

Sun Pharma

 

 

Brokerage Rating Price Target
Morgan Stanley Overweight Rs 1,170
Citi Buy Rs 1,225
Nomura Buy Rs 1,190
Macquarie Outperform Rs 1,275

 

Varun Beverages

 

 

Brokerage Rating Price Target
CLSA Outperform Raised to Rs 1,560 from Rs 1,500
Jefferies Buy Raised to Rs 1,650 from Rs 1,540

 

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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.)