Should you buy Exide, REC, Sona BLW, IndiaMART InterMESH, other stocks today? Here is what brokerages recommend
Here's what Jefferies, Nomura, Citi, JPMorgan, CLSA and Morgan Stanley make of stocks such as Exide, REC, Sona BLW Precision Forgings, and IndiaMART InterMESH
As Dalal Street enters the May 2 session, brokerages have several stocks on their radar. Here's what Jefferies, Nomura, Citi, JPMorgan, CLSA and Morgan Stanley make of stocks such as Exide, REC, Sona BLW Precision Forgings, and IndiaMART InterMESH:
Sona BLW Precision Forgings
Three brokerages, Jefferies, Nomura, and Citi have maintained a 'buy' call on the Sona BLW Precision Forgings stock with a target of Rs 740, Rs 775, and Rs 720, respectively. While CLSA has maintained an 'outperform' rating on the stock with a target of Rs 642.
JPMorgan has a 'neutral' rating on Sona BLW shares with a target of Rs 520. from 505.
Cholamandalam Investment and Finance
Jefferies has maintained a 'buy' call on the Cholamandalam Investment and Finance stock with a target of Rs 1,400.
Two brokerages, CLSA and Nomura have maintained a 'reduce' rating on Cholamandalam Investment shares with a target of Rs 1,300 and Rs 1,000, respectively.
Morgan Stanley has maintained an 'equal-weight' rating on Cholamandalam Investment with a target of Rs 1,250.
Exide Industries
Morgan Stanley has maintained an 'overweight' rating on the Exide Industries stock with a target of Rs 504.
Both Citi and Nomura have maintained a 'buy' call on Exide Industries shares with a target of Rs 560 and Rs 485, respectively.
REC
CLSA has maintained a 'buy' call on the REC stock with a target of Rs 595.
Indian Oil Corporation
Jefferies has maintained a 'hold' call on the Indian Oil Corporation Ltd (IOCL) stock with a target of Rs 175.
CLSA has maintained a 'sell' call on Indian Oil shares with a target of Rs 120, while Two brokerages, Citi and Nomura have maintained a 'buy' call on the stock with a target of Rs 205 and Rs 195, respectively.
Both JPMorgan and Morgan Stanley have maintained an 'overweight' rating on IOCL with a target of Rs 195 and Rs 191, respectively, Macquarie, on the other side, has maintained an 'underperform' rating on the stock with a target of Rs 130.
IndiaMART InterMESH
Jefferies has maintained a 'buy' call on the IndiaMART InterMESH stock with a target of Rs 3,450.
Nomura has maintained a 'neutral' rating on IndiaMART InterMESH shares with a target of Rs 2,520.
Indus Towers
Two brokerages, JPMorgan and Macquarie have a 'neutral' rating on the Indus Towers stock with a target of Rs 340 and Rs 230, respectively.
Havells India
CLSA has a 'sell' call on the Havells India stock with a target of Rs 1,560, while HSBC and Goldman Sachs have maintained a 'buy' call on the stock with a target of Rs 1,800 and Rs 1,700, respectively. Jefferies has maintained a 'hold' call on the stock with a target of Rs 1,600.
Three brokerages, JPMorgan, Nomura and Citi have maintained a 'neutral' rating on Havells shares with a target of Rs 1,475, Rs 1,603, and Rs 1,814, respectively.
Macquarie has maintained an 'outperform' rating on Havells with a target of Rs 1,501.
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