Should you buy, sell or hold HCL Tech, ICICI Pru Life, Tata Communications, and other shares today

Which stocks to buy, hold or sell today? As Dalal Street enters the April 21 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as HCL Tech, ICICI Pru Life, Tata Communications, Tech Mahindra, Mphasis, and other shares are on their radar today.

Here is a list of brokerage calls on some of the stocks in focus today, including HCL Tech, ICICI Pru Life. | Image Source: Pixabay

Which stocks to buy, hold or sell today? As Dalal Street enters the April 21 session, here's a look at what brokerages make of some of the key stocks that are in focus.

Stocks such as HCL Tech, ICICI Pru Life, Tata Communications, Tech Mahindra, Mphasis, 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 Tata Motors, ITC, Asian Paints, Britannia, Godrej Consumer, and other stocks:

HCL Technologies shares

Global brokerages are divided on HCL Technologies shares a day after India’s third largest IT service company released its March quarter earnings on Thursday. In this CLSA, Morgan Stanley and Macquarie are upbeat on the stock, while Citi, Jefferies, Nomura, and JP Morgan are skeptical.

Brokerage	Rating	Price Target
CLSA	Outperform	Rs 1,200
Morgan Stanley	Overweight	Cut to Rs 1,160 from Rs 1,200
JP Morgan	Underweight	Cut to Rs 880 from Rs 920
Citi	Neutral	Cut to Rs 1,035 from Rs 1,045
Jefferies	Hold	Cut to Rs 1,125 from Rs 1,050
Nomura	Neutral	Cut to Rs 1,100 from Rs 1,150
Macquarie	Outperform	Rs 1,580

HCL Technologies on April 20 reported a net profit of Rs 3,983 crore for the quarter ended March 2023. On a sequential basis, the profit slipped by 2.75 per cent while on a year-on-year (YoY) basis, it grew 10.85 per cent.

ICICI Prudential Life Insurance shares

Amid strong March quarter earnings, most global brokerages are bullish on ICICI Prudential Life Insurance shares – an insurance subsidiary of ICICI Bank. CLSA, Citi, Jefferies, and Macquarie have ‘buy’/ ‘outperform’ rating on the stock.

Brokerage	Rating	Price Target
CLSA	Outperform	Raised to Rs 520 from Rs 485
JP Morgan	Neutral	Raised to Rs 480 from Rs 440
Morgan Stanley	Overweight	Rs 600
Citi	Buy	Raised to Rs 640 from Rs 620
Jefferies	Buy	Raised to Rs 560 from Rs 520
Goldman Sachs	Neutral	Raised to Rs 490 from Rs 460
Macquarie	Outperform	Rs 580

ICICI Prudential Life on Thursday reported a 27.2 per cent jump in net income at Rs 235 crore for the March quarter as it earned a near record margin from the new policies sold.

Tata Communications shares

CLSA maintained a ‘buy’ stance On Tata Communications with a reduced target of Rs 1,550 per share from Rs 1,646 apiece earlier. The brokerage said that the management’s focus on data business has led to sustained double-digit data revenue growth.

JP Morgan on Tech Mahindra & Mphasis

The Q4 prints of TCS, Infosys and HCL Tech have highlighted weakness and challenges in BFSI (Banking, Financial Services, Insurance), telecom, hi-tech, manufacturing and retail verticals as clients ramp down, cancel, and defer projects, Jefferies said in its report.

Stocks	Rating	Price Target
Tech Mahindra	Underweight	Cut to Rs 900 from Rs 1000
Mphasis	Underweight	Cut to Rs 1,350 from Rs 1,800

The brokerage sees Tech Mahindra and Mphasis getting massively impacted from this trend. It downgrades both IT companies to ‘underweight’ from ‘neutral’.

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

(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.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.