Should you buy Pidilite, Dr Reddy's Labs, Vodafone Idea, Voltas, IGL, other stocks today? Here is what brokerages recommend
Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, HSBC and Nomura make of stocks such as Dr Reddy's Laboratories, Voltas, Pidilite Industries, Navin Fluorine, and Vodafone Idea Ltd (VIL).
As Dalal Street enters the May 8 session, brokerages have several stocks on their radar. Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, HSBC and Nomura make of stocks such as Dr Reddy's Laboratories, Voltas, Pidilite Industries, Navin Fluorine, and Vodafone Idea Ltd (VIL).
Dr Reddy's Laboratories
Several brokerage firms have released their rating and target price for Dr Reddy's Laboratories stock. Jefferies has maintained an 'underperform' rating with a target price of Rs 5,010, while JPMorgan has maintained an 'underweight' rating with a target price of Rs 5,170. CLSA has also maintained a 'reduce' rating with a target of Rs 6,080.
On the other hand, Goldman Sachs and Nomura have maintained a 'neutral' rating on the stock with a target price of Rs 5,950 and Rs 6,499, respectively.
Another brokerage firm, HSBC, has maintained a 'hold' call on Dr Reddy's Laboratories with a target price of Rs 6,690.
Citi has maintained a 'sell' call on Dr Reddy's shares with a target price of Rs 5,200. Meanwhile, one brokerage firm has maintained a 'neutral' rating but raised the target price from Rs 5,700 to Rs 5,950.
Navin Fluorine
Macquarie has maintained an 'outperform' rating on Navin Fluorine stock with a target price of Rs. 6,400. Meanwhile, Citi has upgraded its recommendation to 'buy' and raised the target price to Rs. 3,900 from Rs. 3,750. Jefferies has also revised its target price for the stock, upgrading it to Rs. 3,070 from Rs. 2,950 and maintaining a 'hold' call.
Pidilite Industries
Two brokerages, Citi and Macquarie have maintained a 'sell' and 'underperform' rating respectively on the Pidilite Industries stock with a target of Rs 2,200 and Rs 2,300.
Vodafone Idea Ltd (VIL)
Citi has maintained a ‘neutral’ rating on the Vodafone Idea Ltd (VIL) stock with a target price of Rs 15.
Voltas
Nomura has maintained a ‘buy’ call on the Voltas stock with a target of Rs 1,450.
Morgan Stanley has maintained an 'equal-weight' rating on Voltas shares with a target price of Rs 1,160. Additionally, Macquarie has maintained a 'neutral' call on the stock with a target price of Rs 842.
Indraprastha Gas Ltd (IGL)
Jefferies has maintained a 'hold' call on Indraprastha Gas Ltd (IGL) shares with a target of Rs 450, up from Rs 430. On the other hand, Citi has retained a 'buy' rating on the stock with a target of Rs 510.
JPMorgan has kept a 'neutral' rating on IGL shares with a target of Rs 450.
Max Financial Services
Jefferies has maintained a ‘buy call on the Max Financial Services stock with a target of Rs 1,200.
SRF
Jefferies has maintained an ‘underperform’ rating on the SRF stock with a target of Rs 2,065.
Morgan Stanley has maintained an ‘overweight’ rating on SRF shares with a target of Rs 2,557.
PF Fintech (PolicyBazaar)
Two brokerages, Jefferies and Citi have maintained a ‘buy’ call on the PB Fintech (PolicyBazaar) stock with a target of Rs 1,150 and Rs 1,435, respectively.
Morgan Stanley has maintained an ‘equal-weight’ rating on PolicyBazaar shares with a target of Rs 1,010, while Macquarie has maintained an ‘underperform’ rating on the stock with a target of Rs 610.
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JSW Energy
Jefferies has maintained a ‘buy’ call on the JSW Energy stock with a target of Rs 690.
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