Should you buy, sell or hold HDFC, Hero MotoCorp, Tata Power, TVS, Dabur, other stocks in focus today?
Indian equity benchmarks Nifty 50 and Sensex continued to struggle against steep losses after a gap-down start on Friday. Brokerages shared their views on HDFC, Hero MotoCorp, Tata Power, TVS Motor Company and other stocks in focus on Dalal Street.
Indian equity benchmarks Nifty 50 and Sensex continued to struggle against steep losses after a gap-down start on Friday. Here's what brokerages make of HDFC, Hero MotoCorp, Tata Power, TVS Motor Company and other stocks in focus on Dalal Street.
HDFC
| Brokerage | Rating | Target price |
| CLSA | Buy | Rs 3,050 |
| Nomura | Buy | Rs 3,100 |
| Macquarie | Outperform | Rs 3,060 |
Hero MotoCorp
| Brokerage | Rating | Target price |
| UBS | Sell | Rs 2,400 |
| Goldman Sachs | Sell | Rs 2,170 |
| Morgan Stanley | Underweight | Rs 2,229 |
| Jefferies | Buy | Rs 3,000 |
| Citi | Buy | Revised to Rs 3,650 from Rs 3,300 |
| Macquarie | Neutral | Rs 2,640 |
TVS Motor Company
| Brokerage | Rating | Target price |
| CLSA | Sell | Raised to Rs 1,081 from Rs 1,049 |
| JPMorgan | Overweight | Rs 1,330 |
| Jefferies | Buy | Rs 1,550 |
| Citi | Sell | Rs 870 |
| Goldman Sachs | Neutral | Raised to Rs 1,180 from Rs 1,150 |
| Macquarie | Outperofrm | Rs 1,354 |
Larsen & Toubro (LT)
CLSA maintained a 'buy' call on Larsen & Toubro and raised its target price for the stock of the construction major to Rs 2,790 from Rs 2,570. According to the brokerage, the company's subsidiaries are on the right path, with large orders from the Middle East set to drive the its core business.
Tata Power
| Brokerage | Rating | Target price |
| BofA Securities | Buy | Rs 244 |
| CLSA | Sell | Reduced to Rs 189 from Rs 196 |
According to CLSA, which reduced its target price for Tata Power by Rs 7 to Rs 189, the quality of results remains a challenge for Tata Power, though support comes in from one-off numbers.
Godrej Properties
| Brokerage | Rating | Target price |
| CLSA | Outperform | Raised to Rs 1,482 from Rs 2,335 |
| Morgan Stanley | Revised to 'equal-weight' from 'underweight' | Reduced to Rs 1,354 from Rs 1,487 |
Dabur
| Brokerage | Rating | Target price |
| CLSA | Outperform | Raised to Rs 620 from Rs 600 |
| JPMorgan | Neutral | Cut to Rs 570 from Rs 590 |
| Morgan Stanley | Overweight | Cut to Rs 606 from Rs 660 |
| Jefferies | Revised to 'hold' from 'buy' | Cut to Rs 545 from Rs 640 |
| Goldman Sachs | Buy | Cut to Rs 600 from Rs 650 |
| Macquarie | Neutral | Rs 545 |
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