Should you buy, sell or hold Tata Motors, SBI, Paytm, Crompton Greaves, Mphasis shares today?

Global brokerages are upbeat on Tata Motors, SBI, Paytm, and Crompton Greaves among others, while they have maintained a sell rating on Mphasis.

Here's what they recommend on these and other stocks in focus on Dalal Street on Monday, February 27, 2023.

Here's what top brokerages make of some of the key stocks in focus today.

Tata Motors shares

Global brokerages are divided on Tata Motors stock as JP Morgan maintains a ‘neutral’ rating on the stock while Nomura has a ‘buy’ call with a target price of Rs 415 and Rs 508 per share, respectively.

JP Morgan in its note said, Jaguar and Land Rover (JLR) ramping up quarterly volumes to over 100,000 and generating close to GBP 1 billion free cash flow (FCF) to resume its deleveraging journey

SBI shares

Jefferies has retained a ‘buy’ stance on the stock with a target price of Rs 760 per share. The bank has two topical issues – risk from exposure to Adani group and capital raise, the brokerage noted.

It said that the bank’s management clarified that exposure to the Adani group is all-encompassing and to cash-generating projects.

Mphasis shares

CITI maintained a ‘sell’ rating on Mphasis with a target price of Rs 1,705 per share. The brokerage in its interaction with the company’s Chief Financial Officer (CFO) said Mphasis’ deal TCV to revenue conversion is slowing in the current macro environment.

CITI also noted, the overall growth is expected to improve after fourth quarter of this fiscal and it guided margins range of 15.25 per cent to 17 per cent in FY23E.

Paytm shares

Macquarie has retained its ‘outperform’ stance on Paytm with a target price of Rs 800 per share.

Telecom major Bharti Airtel is likely to buy stakes in Paytm. According to a Reuters report, "Shareholders and investment banks representing the Ant Group and Softbank had earlier approached Bharti Airtel founder-chairman Sunil Mittal with an offer to buy their stakes."

Crompton Greaves Consumer Electricals shares

Nomura has a ‘buy’ rating on Crompton Greaves Consumer with a target of Rs 377 per share. It said that the Crompton Greaves' R&D center ramp-up will benefit the company over the next few years in the near term. It believes the company's margins could be slightly impacted due to price cut in pumps and increased marketing expenses.

Prestige Estates shares

CLSA maintained a ‘buy’ rating on the stock with a target price of Rs 566 per share, it said the company is planning an aggressive expansion and expected to increase rentals by 6.5 times and presales by more than two times.

Jefferies on Real Estate

A potentially delayed pause in the rate hike cycle and risk-off sentiments have led to significant underperformance in the sector, Jefferies said in its comment. The brokerage finds 40 per cent of valuation contraction since late 2021 is already near past cycle levels.

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