Top 7 Stocks to Track: This defence PSU multibagger can give 45% return; food delivery app stock likely to rise 19%
The stock market opened in the green on Tuesday (May 14, 2024). The BSE Sensex was trading over 100 points, while Nifty 50 was up by 39.10 points in the morning session. It is yet to seen if the market will continue its momentum throughout the day. Amid such market conditions, brokerages such as UBS Jefferies, Nuvama, JP Morgan, Macquarie, and Centrum have picked many stocks. Some of the prominent stocks that these firms have picked are Zomato, Hindustan Aeronautics Ltd, DLF, HDFC Life, and Apollo Tubes. Know brokerage ratings and share price targets here.
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UBS on HAL (CMP Rs 3,921)
The brokerage has maintained a 'buy' call on the defence stock, raising its target to to Rs 5,200 from Rs 3,600, a 44.44% upside.
Hindustan Aeronautics Ltd (HAL) also hit a 52-week high of Rs 4064.10 on Tuesday.
Jefferies on DLF (CMP: Rs 839)
Jefferies maintained a 'buy' call on the real estate firm with a target price of Rs 895.
The real estate firm reported its fourth-quarter results on Tuesday.
Macquarie on Zomato (CMP Rs 194)
After the food delivery company announced its fourth-quarter results on Monday, Macquarie has maintained an 'underperform' rating on the firm with a target target of Rs 196.
Jefferies on Zomato (CMP Rs 194)
Jefferies has maintained a 'buy' rating on the firm, raising its target to Rs 230 from Rs 205.
JP Morgan on Zomato (CMP Rs 194)
The brokerage has maintained an 'overweight' rating, raising its target to Rs 208 from Rs 175.
Jefferies on Varun Beverages (CMP Rs 1,477)
Jefferies has maintained a 'buy' call on the company that has reported Rs 175 crore profit after tax Year-on-Year (YoY).
The brokerage has raised the target to Rs 1,690 from Rs 1,480.
Nuvama on Zomato (CMP Rs 194)
Nuvama has also given a 'buy' call on the firm with a target price of Rs 245
Macquarie on HDFC Life (CMP Rs 560)
Macquarie has maintained a 'neutral' call on the firm with a target of Rs 610.
Centrum on Apollo Tubes (CMP Rs 1,565)
After Apollo Tubes reported its fourth-quarter results, Centrum gave a 'buy' with a target of Rs 1,761, 13%.