Should you buy, sell or hold Bajaj Finance, Maruti Suzuki, HDFC Life, SBI Life, L&T Tech, and other shares?
Which stocks to buy, hold or sell today? As Dalal Street enters the April 26 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as Bajaj Finance, Maruti Suzuki, HDFC Life Insurance, SBI Life Insurance, L&T Tech, and other shares are on their radar today.
Which stocks to buy, hold or sell today? As Dalal Street enters the April 27 session, here's a look at what brokerages make of some of the key stocks that are in focus.
Stocks such as Bajaj Finance, Maruti Suzuki, HDFC Life Insurance, SBI Life Insurance, L&T Tech, Voltas, and other shares are on their radar today.
Do you have any of these stocks in your portfolio?
Check out the full list of what brokerages recommend, including Bajaj Finance, Maruti Suzuki, HDFC Life Insurance, SBI Life Insurance, L&T Tech, Voltas, and other stocks:
Bajaj Finance
Most global brokerages are divided on Bajaj Finance shares a day after the non-banking finance company released its March quarter earnings on Wednesday. The company’s consolidated profit grew almost 31 per cent year-on-year to Rs 3,157.79 crore in Q4 of the previous fiscal.
Brokerage | Rating | Price Target |
Morgan Stanley | Overweight | Rs 8,000 |
JP Morgan | Overweight | Rs 9,000 |
Goldman Sachs | Sell | Rs 6,040 |
Citi | Neutral | Rs 6,400 |
Macquarie | Underperform | Rs 5,200 |
Maruti Suzuki
Most brokerages are upbeat on Maruti Suzuki after India’s largest car manufacturer announced its Q4 earnings on Wednesday.
The auto major reported a 42 per cent rise in consolidated net profit to Rs 2,671 crore for the fourth quarter ended March 2023, driven by higher sales, improved realisation and favourable forex movement.
Brokerage | Rating | Price Target |
Morgan Stanley | Overweight | Rs 11,115 |
JP Morgan | Neutral | Raised to Rs 8,800 from Rs 8,430 |
Goldman Sachs | Neutral | Raised to Rs 8,900 from Rs 8,800 |
Citi | Buy | Raised to Rs 13,700 from Rs 12,500 |
Jefferies | Buy | Rs 11,000 |
Macquarie | Outperform | Rs 10,126 |
HDFC Life Insurance
After registering a 68 per cent rise in the value of new business (VNB) in Q4 earnings, the majority of the brokerages are bullish on HDFC Life Insurance shares. Private sector life insurer on Wednesday said its profit remained almost flat at Rs 358.66 crore in the fourth quarter ended March 2023.
Brokerage | Rating | Price Target |
CLSA | Reduce | Raised to Rs 560 from Rs 500 |
Morgan Stanley | Overweight | Raised to Rs 700 from Rs 650 |
Goldman Sachs | Buy | Raised to Rs 650 from Rs 630 |
Citi | Buy | Raised to Rs 634 from Rs 595 |
Jefferies | Buy | Rs 670 |
Macquarie | Outperform | Rs 655 |
SBI Life Insurance
Global brokerages are also upbeat on SBI Life Insurance shares. The insurer on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premiums and margins.
Brokerage | Rating | Price Target |
CLSA | Buy | Raised to Rs 1,375 from Rs 1,325 |
Morgan Stanley | Overweight | Rs 1,650 |
JP Morgan | Overweight | Raised to Rs 1,470 from Rs 1,440 |
Goldman Sachs | Buy | Cut to Rs 1,510 from Rs 1,520 |
Citi | Buy | Raised to Rs 1,695 from Rs 1,657 |
Jefferies | Buy | Rs 1,410 |
Macquarie | Outperform | Rs 1,580 |
L&T Technology
Most brokerages are skeptical on L&T Technology shares after the company reported around 2 percent sequential growth in consolidated profit at Rs 309.6 crore in March quarter.
Brokerage | Rating | Price Target |
CLSA | Underperform | Raised to Rs 3,550 from Rs 3,200 |
Morgan Stanley | Underweight | Raised to Rs 3,200 from Rs 3,150 |
JP Morgan | Underweight | Cut to Rs 2,850 from Rs 3,000 |
Citi | Sell | Cut to Rs 2,875 from Rs 2,960 |
Macquarie | Outperform | Rs 4,630 |
Voltas
Brokerage | Rating | Price Target |
Goldman Sachs | Sell | Rs 840 |
Morgan Stanley | Equqal weight | Rs 919 |
Macquarie | Neutral | Rs 885 |
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(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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