Should you buy Zomato, IGL, Havells, TBO Tek shares today? Here is what brokerages recommend

Stocks to buy, Stocks to invest: As the stock market began the week on a subdued note as key indices opened lower on Monday, June 19, brokerages have several stocks on their radar. Here's what Goldman Sachs, Morgan Stanley, and Jefferies make of stocks—Zomato, IGL, Havells, TBO Tek. 

IGL share price target: Should buy or wait? Here's what Morgan Stanley says

Morgan Stanley has maintained an overweight on IGL with a target of Rs 575 per share. According to the global brokerage, amid global gas outages and decreasing APM gas allocation, IGL hiked CNG prices. As CNG remains attractive vs alternative fuels, the hike should support margin normalisaition. 

"Investor confidence on growth should return as the EV policy overhang unwinds," Morgan Stanley said. 

Zomato share price target

Morgan Stanley has retained an overweight rating on Zomato with a target of Rs 235 per share. The brokerage said Zepto's raising funding round increases the relevance of the Quick Commerce (QC) channel. The brokerage believes any correction could be a buying opportunity for long-term investors.

TBO Tek share price target

Goldman Sachs has initiated coverage on TBO Tek with a buy call. The brokerage has placed the target to Rs 1,970. 

Havells share price target

Jefferies has maintained a hold call on Havells with a target of Rs 1,800. 

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