Should you buy Nykaa, SAIL, Gujarat State Petronet, JK Lakshmi Cement, many other stocks in focus today?
As Dalal Street enters February 13, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such Nykaa, SAIL, Gujarat State Petronet, Gujarat Gas and JK Lakshmi Cement. Check out the full list of what brokerages recommend.
As Dalal Street enters February 14, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such Nykaa, SAIL, Gujarat State Petronet, Gujarat Gas and JK Lakshmi Cement.
Check out the full list of what top brokerages recommend today:
Nykaa shares
Brokerage | Rating | Target price |
Goldman Sachs | Neutral | Reduced to Rs 200 from Rs 233 |
Jefferies | Buy | Rs 200 |
HSBC | Buy | Reduced to RS 300 from Rs 361 |
After market hours on Monday, cosmetics-to-fashion retailer Nykaa reported a 70.7 per cent year-on-year fall in net profit to Rs 8.2 crore for the quarter ended December 2022. Its revenue expanded 33.2 per cent to Rs 1,462.8 crore compared with the corresponding period a year ago, according to a regulatory filing.
Gujarat Gas shares
Brokerage | Rating | Target price |
Jefferies | Underperform | Raised to Rs 405 from Rs 400 |
Citi | Buy | Reduced to Rs 560 from Rs 570 |
Nomura | Reduce | Raised to Rs 410 from Rs 400 |
Macquarie | Neutral | Rs 500 |
JK Lakshmi Cement shares
Jefferies maintains a 'buy' rating on JK Lakshmi Cement and raises its target price for the stock by Rs 2 to Rs 900, citing the management's confidence of taking its EBITDA per tonne to Rs 1,000 over the next 12-24 months.
Steel Authority of India (SAIL) shares
Morgan Stanley continued with an 'equal-weight' call on SAIL with a target of Rs 80 apiece — which implies a downside of four per cent from the closing price of the steelmaker on Monday.
Metropolis Healthcare shares
Brokerage | Rating | Target price |
Goldman Sachs | Neutral | Reduced to Rs 1,400 from Rs 1,600 |
Morgan Stanley | Equal-weight | Reduced to Rs 1,350 from Rs 1,547 |
Credit Suisse | Underperform | Rs 1,250 |
Gujarat Pipavav shares
Jefferies retains a 'hold' call on Gujarat Pipavav and raises its target to Rs 100 from Rs 90. The company's quarterly EBITDA came in higher than the brokerage's estimates.
Gujarat State Petronet shares
Brokerage | Rating | Target price |
Citi | Buy | Reduced to Rs 330 from Rs 355 |
Nomura | Buy | Rs 470 |
Balkrishna Industries shares
Brokerage | Rating | Target price |
Citi | Buy | Reduced to Rs 2,400 from Rs 2,600 |
Morgan Stanley | Underweight | Raised to Rs 1,711 from Rs 1,661 |
Nomura | Neutral | Reduced to Rs 2,015 from Rs 1,912 |
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