Should you buy, sell or hold SBI Card, BEL, Vedanta, Infosys, TCS, Wipro and other stocks in focus today?

Which stocks to buy, hold or sell today? As Dalal Street enters the last day (March 31) of this week, here's a look at what brokerages make of some of the key stocks in focus. Stocks such as BEL, Vedanta, SBI Card, Infosys, TCS, Wipro and Tech Mahindra are on their radar.

Here is a list of brokerage calls on some of the stocks in focus today, including BEL, Vedanta, SBI Card, IT Stocks. | Image Source: Pixabay

Which stocks to buy, hold or sell today? As Dalal Street enters the last day (March 31) of this week, here's a look at what brokerages make of some of the key stocks in focus.

Stocks such as Bharat Electronics Limited (BEL), Vedanta, SBI Card, Infosys, TCS, Wipro, Tech Mahindra and other IT 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 BEL, Vedanta, SBI Card, TCS, and Infosys among other stocks:

Bharat Electronics Limited (BEL) shares

Global brokerages see good growth in overall business as well as the stock price of Bharat Electronics Limited (BEL). They are upbeat on the stock mainly on the order wins from the armed forces and mention that this gives visibility on the revenue growth going forward.

Morgan Stanley maintained an ‘overweight’ stance on Bharat Electronics with a target of Rs 119 per share, while Jefferies has a buy rating on the counter with a target of Rs 125 apiece.

Brokerage	Rating	Price Target
Morgan Stanley	Overweight	Rs 119
Jefferies	Buy	Rs 125

As per Jefferies, the company has been gaining a share in spend on the back of indigenisation and added that secular theme offers some protection in an uncertain global recessionary environment.

Vedanta shares

Citi maintains a ‘neutral’ rating on Vedanta with a reduced target of Rs 265 per share from Rs 335 apiece. The mining major earlier this week had announced a bumper dividend to its shareholders.

SBI Card and Payment Services shares

Jefferies initiates a ‘buy’ coverage on SBI Card and Payment Services with a target of Rs 900 as it believes the company’s large customer base and wide co-branded card tie-ups to drive market share gain and expects the net interest margins should bottom out in the first half of FY24.

Macquarie on IT sector

Demand “air pocket” may be seen in the first quarter of the FY24 due to delays in decision-making over February-March 2023, Macquarie said on the IT sector. Here, air pocket is considered as a period of temporary turbulence caused by bad news.

Stocks	Rating	Price Target
Infosys	Outperform	Raised to Rs 1,770 from Rs 1,700
HCL Technologies	Outperform	Raised to Rs 1,580 from Rs 1,520
TCS	Outperform	Cut to Rs 4,510 from Rs 4,580
Wipro	Outperform	Cut to Rs 470 from Rs 530
Tech Mahindra	Neutral	Cut to Rs 1,090 from Rs 1,120
Mphasis	Neutral	Cut to Rs 1,640 from Rs 1,880

However, the brokerage firm said that the demand looks robust for the rest of 2023 and expects double-digit growth for India tier-1 in the next three-five years.

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

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.