Should you buy Wipro, LTIMindtree, Polycab, Tata Communications, other stocks today? Here's what global brokerages suggest
Here's what analysts from global brokerages make of stocks such as Wipro (WIPRO), LTIMindtree (LTIM), Polycab India (POLYCAB), and Tata Communications (TATACOMM).
As Dalal Street enters the October 18 session, brokerages have several stocks on their radar. Here's what Jefferies, Morgan Stanley, Nomura, JPMorgan, Citi, and CLSA make of stocks such as Wipro (WIPRO), LTIMindtree (LTIM), Polycab India (POLYCAB), and Tata Communications (TATACOMM):
Manappuram Finance
Jefferies has a 'hold' stance on Manappuram Finance shares with a target of Rs 167.
Morgan Stanley has an 'equal-weight' rating on the Manappuram Finance stock with a target of Rs 170.
Wipro
Nomura has maintained a 'buy' call on Wipro shares with a target of Rs 670. On the other hand, Citi has maintained a 'sell' call on Wipro with a target of Rs 500.
JPMorgan has maintained a 'neutral' rating on the Wipro stock with a target of Rs 580.
Jefferies has maintained an 'underperform' rating on Wipro shares with a target of Rs 465. Meanwhile, Macquarie has maintained an 'outperform' rating on the stock with a target of Rs 670.
LTIMindtree
Nomura has maintained a 'reduce' rating on LTIMindtree shares with a target of Rs 5,140, while another brokerage, Citi has maintained a 'sell' call on the LTIMindtree stock with a target of Rs 5,710.
Morgan Stanley and JPMorgan have maintained an 'overweight' rating on LTIMindtree with targets of Rs 7,050 and Rs 6,900, respectively. Meanwhile, Macquarie has maintained an 'outperform' rating on the stock with a target of Rs 6,770. Moreover, Jefferies has maintained an 'underperform' rating on LTIMindtree shares with a target of Rs 5,450.
Polycab India
Jefferies and Citi have maintained a 'buy' call on Polycab India shares with target of Rs 8,315 and Rs 8,400, respectively.
Morgan Stanley has maintained an 'overweight' rating on the Polycab stock with a target of Rs 8,342.
Tata Chemicals
Morgan Stanley has maintained an 'underweight' rating on Tata Chemicals shares with a target of Rs 881.
CLSA has maintained an 'outperform' rating on Tata Communications shares with a target of Rs 2,220.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.
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