In chat with Anil Singhvi, analyst explains brokerages call on TCS, Tata Motors, Realty Sector stocks – Check targets here

In a chat with Zee Business Managing Editor Anil Singhvi, research analyst Ashish Chaturvedi explains the brokerages call on the TCS and other stocks that are focused in the market today.

TCS

Chaturvedi points out that the brokerages see TCS (Tata Consultancy Services) first-quarter results little below estimates with respect to profit and revenue, however, margins and deal wins’ momentum inline with expectations. 

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In this regard, Goldman Sachs revising its target to Rs 3703 per share from Rs 3853 apiece earlier, maintained Buy ratings on the stock, while Macquarie and JP Morgan has maintained an Outperform and Overweight stance with a target of Rs 3640 and Rs 3650 a share, respectively, the analyst says

Morgan Stanley being bullish on the counter gave the highest price target to Rs 3870 per share, while maintaining an Overweight stance. Meanwhile, Jefferies and HSBC has given a Hold call with a price target of Rs 3570 and Rs 3455 per share respectively, Chaturvedi explains.

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UBS maintained a Neutral stance and sets a price target of Rs 3345 per share, while CITI has given a Sell call and downgraded the target for TCS share price to Rs 3770 per share. 

After trading a quarter percent higher intraday, the stock on Friday has declined by over 1 per cent to Rs 3219 per share on the BSE at around 12:40 pm.

Realty Sector

Realty stocks would double their revenue in the next 3-4 years, CLSA being bullish in the sector says in a report. It added, the cash flows of real estate companies would improve as well.

The brokerage firm maintains Buy ratings on Prestige and DLF with a price target of Rs 370 and Rs 355 per share respectively, while maintains Outperform stance on Sobha, Embassy REITs Oberoi Realty with a price target of Rs 550, Rs 365, and Rs 670 per share.

It downgrades Phoenix Mills ratings and sets a price target of Rs 970 per share and maintains Sell on Godrej Properties stock by downgrading the target to Rs 1145 per share.

Tata Motors

Tata Motors shares continue to be under the radar as Morgan Stanley has maintained an Equal-weight rating and reduced target to Rs 298 from Rs 300 per share, similarly, HSBC has maintained a Buy call for a target of Rs 340 per share. The stock has been on the decline since Tuesday.

For Indraprasth Gas Limited, Credit Suisse has maintained a Neutral rating amid the company’s capex plan and has raised the target to Rs 550 from Rs 500 per share earlier.

Similarly, Macquarie maintains an Outperform stance on ICICI Bank shares and raises the target to Rs 820 per share. On the other hand, JP Morgan being bullish on Tata Steel expects the stock would grow to Rs 1610 per share, maintains an Overweight rating.