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)

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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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