Should you buy, sell or hold BPCL, HDFC AMC, Zomato, Shree Cement, PB Fintech shares?
Which stocks to buy, hold or sell today? As Dalal Street enters the May 23 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such as Bharat Petroleum Corporation Ltd (BPCL), Shree Cement, Zomato and HDFC AMC.
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Which stocks to buy, hold or sell today? As Dalal Street enters the May 23 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are scrips such as Bharat Petroleum, HDFC AMC, Zomato and Shree Cement.
Do you have any of these stocks in your portfolio?
BPCL shares
BPCL's core earnings beat Morgan Stanley's estimates with a strong refining margin. The brokerage expects the company's strong margin to continue.
According to the brokerage, strong demand for oil products and crude discounts support the oil marketing company's recovery.
| Brokerage | Rating | Target price |
| CLSA | Buy | Raised to Rs 480 from Rs 405 |
| Morgan Stanley | Overweight | Rs 390 |
| Jefferies | Buy | Rs 445 |
HDFC AMC shares
JPMorgan downgraded HDFC AMC to 'underweight' from 'neutral' and reduced its target price for the stock to Rs 1,580 from Rs 1,890.
Aditya Birla Fashion and Retail shares
Morgan Stanley maintained 'underweight' on Aditya Birla Fashion and Retail and reduced its target price for the stock to Rs 176 from Rs 195. The company's quarterly numbers fell short of the brokerage's as well as consensus estimates.
Citi retained a 'buy' call on Aditya Birla Fashion and Retail but reduced its target to Rs 260 from Rs 320.
Zomato shares
Macquarie downgraded Zomato to 'underperform' from 'neutral' with a target of Rs 55. The brokerage reduced its net loss estimates for the company for the two financial years ending March 2025 citing its focus on unit economics.
The brokerage continues to see Zomato as a leader in food delivery and points out that as the company's monthly transacting users remain steady for seven quarters in a row.
PB Fintech shares
| Brokerage | Rating | Target price |
| CLSA | Outperform | Raised to Rs 720 from Rs 710 |
| Morgan Stanley | Overweight | Rs 810 |
| Citi | Buy | Raised to Rs 820 from Rs 800 |
Shree Cement shares
| Brokerage | Rating | Target price |
| Morgan Stanley | Equal-weight | Rs 25,600 |
| Jefferies | Hold | Rs 21,850 |
PowerGrid shares
| Brokerage | Rating | Target price |
| JPMorgan | Overweight | Raised to Rs 265 from Rs 255 |
| Citi | Buy | Raised to Rs 288 from Rs 275 |
Citi continues to like PowerGrid for the company's relatively stable business model with a healthy return on equity.
Samvardhana Motherson shares
JPMorgan initiated coverage on Samvardhana Motherson International with an 'Overweight' rating and a target price of Rs 95.
Exide shares
JPMorgan continued with an 'overweight' rating on Exide and raised its target price for the battery manufacturer's stock to Rs 245 from Rs 225.
Concor shares
| Brokerage | Rating | Target price |
| HSBC | Hold | Raised to Rs 690 from Rs 675 |
| Macquarie | Revised to 'neutral' from 'underperform' | Rs 620 |
Sansera Engineering shares
Nomura maintained a 'buy' call on Sansera Engineering with a target price of Rs 1,014.
Fusion Micro Finance shares
CLSA kept a 'buy' call on Fusion Micro Finance and raised target price for the stock to Rs 625 from Rs 550.
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