Which stocks to buy, hold or sell today? As Dalal Street enters the April 12 session, here's a look at what brokerages make of some of the key stocks that are in the focus.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Stocks such as Hero MotoCorp, Eicher Motors, L&T Tech, Jubilant Foodworks, and other insurance and cement shares are on their radar today.

Do you have any of these stocks in your portfolio?

Check out the full list of what brokerages recommend, including Hero MotoCorp, Eicher Motors, L&T Tech, Jubilant Foodworks, insurance and cement and other stocks:

Macquarie on Auto

Macquarie downgraded Eicher Motors to ‘neutral’ from ‘outperform’ stance, and cut the target to Rs 3,258 per share from Rs 3,919 apiece earlier. It said a discount to the historical average is warranted, given the slower earnings growth outlook.

 

Stocks Rating Price Target
Eicher Motors Outperform Cut to Rs 3,258 from Rs 3,919
Hero MotoCorp Neutral Cut to Rs 2,640 from Rs 2,780

 

While Macquarie maintained a ‘neutral’ stance on Hero MotoCorp with a reduced target price of Rs 2,640 from Rs 2,780 apiece. The brokerage believes discount reflects market share loss in its core segments, as well as limited success in premium motorcycles and export markets.

L&T Tech

JP Morgan maintained an ‘underweight’ given slowing growth as well as margin headwinds in FY24 from Smart World & Communications business integration. It sets a target price of Rs 3,000 a share.

The focus during earnings will be on FY24 organic growth guidance as well as commentary on how it plans to recoup margin headwinds, JP Morgan said in its comment on L&T Tech.

Jubilant FoodWorks

Citi has a ‘buy’ rating on Jubilant Foodworks with a target price of Rs 619 per share. It remains constructive, expecting healthy medium-term earnings growth benefitting from market tailwinds, faster store expansion, and digital investments.

The brokerage sees the recent stock price pullback as an enhanced buying opportunity for long-term investors.

Citi on Cement stocks

 

Stocks Rating Price Target
Grasim Industries Buy Raised to Rs 2,250 from Rs 2,125
Ultratech Cement Buy Raised to Rs 9,100 from Rs 7,900
Shree Cement Sell Raised to Rs 24,400 from Rs 22,000
Dalmia Bharat Buy Raised to Rs 2,500 from Rs 2,050
Ambuja Cements Buy Cut to Rs 400 from Rs 500
ACC Buy Cut to Rs 2,225 from Rs 2,550

 

Goldman Sachs on Life Insurance

 

Stocks Rating Price Target
SBI Life Insurance Buy Cut to Rs 1,520 from Rs 1,630
HDFC Life Insurance Buy Cut to Rs 630 from Rs 700
ICICI Pru Life Insurance Neutral Cut to Rs 460 from Rs 500
LIC Neutral Cut to Rs 650 from Rs 700

 

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)