ITC, SBI and Divi's Laboratories each won a thumbs up from brokerages with their healthy set of results for the quarter ended December 2022. They are also positive on Paytm, Bank of Baroda and IndiGo among companies their reported their earnings last week.

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Here's what brokerages make of some of the top stocks in focus on February 6:

ITC shares

Brokerages are upbeat on cigarettes-to-hotels conglomerate ITC after the company's strong earnings. Morgan Stanley and JPMorgan have maintained an ‘overweight’ rating on the stock.

ITC's strong results and positive implications from the Union Budget augur well for the stock, according to Morgan Stanley.

Brokerage Rating Target price
CLSA Outperform Rs 415
Morgan Stanley Overweight Rs 415
JPMorgan Overweight Rs 425
Jefferies Buy Rs 450
Citi Buy Rs 425
Nomura Buy Rs 445
 

SBI shares

State Bank of India (SBI), the country's largest lender by assets, reported a strong set of results on Friday that was better than the estimates of most brokerages.

Brokerage Rating Target price
CLSA Buy Rs 725
Morgan Stanley Overweight Rs 715
JP Morgan Overweight Rs 720
Goldman Sachs Buy Rs 788
Citi Buy Rs 700
Macquarie Outperform Rs 695
Jeffieries Buy Rs 760

Divis Labs shares

Brokerage Rating Target price
Morgan Stanley Underweight Rs 2,766
Goldman Sachs Buy Rs 3,375
Jeffieries Underperform Rs 2,550

Bank of Baroda shares

Brokerage Rating Target price
CLSA Outperform Rs 210
JP Morgan Overweight Rs 220
Morgan Stanley Overweight Rs 220
Citi Buy Rs 188
HSBC Buy Rs 228

Interglobe Aviation (IndiGo) shares

Brokerage Rating Target price
UBS Buy Rs 2,550
JP Morgan Overweight Rs 2,400
Goldman Sachs Buy Rs 2,360
Citi Sell Rs 1,950

Paytm shares

Brokerages are upbeat on Paytm after the release of the digital payments company's financial results. CLSA, Goldman Sachs and CITI each have a ‘buy’ call on the stock.

Brokerage Rating Target price
CLSA Buy Rs 750
Morgan Stanley Equalweight Rs 695
Goldman Sachs Buy Rs 1,150
Citi Sell Rs 1,061

Marico shares

Brokerages Rating Price Target
CLSA Reduce Rs 530
JPMorgan Overweight Rs 585
Morgan Stanley Overweight Rs 582
Jefferies Hold Rs 550
Nomura Neutral Rs 565

M&M Financial Services shares

Brokerage Rating Target price
CLSA Buy Rs 310
JPMorgan Neutral Rs 230
Jeffieries Hold Rs 225
CITI Buy Rs 285

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