Which stocks to buy, hold or sell today? As Dalal Street enters the May 17 session, here's a look at what brokerages make of some of the key stocks in focus.

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On their radar are stocks such as Bharti Airtel, Bank of Baroda, Jindal Steel and Power, LIC Housing Finance, Indian Oil Corporation, and others.

Do you have any of these stocks in your portfolio?

Bharti Airtel

Except for JP Morgan, most global brokerages are positive on shares of Bharti Airtel – a telecom major – a day after the company announced its March quarter earnings for the previous fiscal year.

Goldman Sachs and Jefferies each have a buy rating on the stock, while Morgan Stanley maintains an ‘overweight’ stance and Credit Suisse retains an ‘outperform’ call on the Airtel shares.

 

Brokerage Rating Price Target
Morgan Stanley Overweight Rs 860
JP Morgan Underweight Rs 700
Jefferies Buy Rs 900
Goldman Sachs Buy Raised to Rs 875 from Rs 870
Credit Suisse Outperform Rs950

 

Bank of Baroda

Almost all global brokerages are bullish on public sector lender Bank of Baroda after stellar earnings growth in the last three months period of fiscal year 2022-23. Citi, HSBC and CLSA each have a ‘buy’ rating on BoB shares, while Morgan Stanley and JP Morgan each retained an ‘overweight’ call.

 

Brokerage Rating Price Target
CLSA Buy Rs 225
Morgan Stanley Overweight Rs 240
JP Morgan Overweight Rs 230
Citi Buy Rs 220
Macquarie Neutral Rs 180
HSBC Buy Rs 230

 

Jindal Steel and Power

Brokerages are divided on Jindal Steel and Power shares amid lower-than-estimated Q4 numbers, which were announced on Tuesday. Citi has a ‘buy’ call, Morgan Stanley maintained an ‘underweight’ stance and Macquarie gives a ‘neutral’ rating on the stock.

 

Brokerage Rating Price Target
CLSA Outperform Cut to Rs 620 from Rs 670
Morgan Stanley Underweight Rs 460
Citi Buy Cut to Rs 650 from Rs 710

 

LIC Housing Finance

Despite better earnings, the brokerages are also divided on LIC Housing Finance shares as CLSA gives a ‘buy’ call, Citi maintains a ‘sell’ rating and Morgan Stanley has an ‘underweight’ stance.

 

Brokerage Rating Price Target
CLSA Buy Raised to Rs 550 from Rs 520
Morgan Stanley Underweight Rs 320
Jefferies Buy Rs 500
Citi Sell Raised to Rs 360 from Rs 350

 

Indian Oil Corporation

Similarly, brokerages are also divided on shares of Indian Oil Corporation – an oil marketing company – despite registering a 10-year high quarterly profit, according to CLSA, which maintained a ‘buy’ call on the stock, while Morgan Stanley has an ‘overweight’ and Jefferies recommend to ‘hold’.

 

Brokerage Rating Price Target
CLSA Buy Raised to Rs 105 from Rs 85
Morgan Stanley Overweight Rs 100
Jefferies Hold Raised to Rs 85 from Rs 80

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