Buy, sell or hold? What brokerages make of L&T, SBI Cards, Sun Pharma, ONGC, Dr Reddy's Lab and others

Which stocks to buy, hold or sell today? As Dalal Street enters the April 18 session, here's a look at what brokerages make of some of the key stocks that are in the focus.

Stocks such as Larsen and Toubro, SBI Cards and Payment Services, Sun Pharma, Dr Reddy's Lab, Divi's Lab, ONGC, housing finance companies shares, and other stocks 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 Larsen and Toubro, SBI Cards and Payment Services, Sun Pharma, Dr Reddy's Lab, Divi's Lab, ONGC, and other stocks:

Larsen and Toubro

Global brokerages are upbeat on Larsen and Toubro (L&T) as Jefferies maintained a ‘buy’ call, while Macquarie has an ‘outperform’ rating on the stock.  

According to Jefferies, L&T investors appear concerned about the pre-election impact on order flow and share price. However, the company’s order flow rose by double-digits in the last 3 pre-election-year periods, despite an embargo on the center’s ordering activity six months prior to elections, it said.

SBI Cards

Morgan Stanley maintained an ‘overweight’ stance on SBI Cards with a target price of Rs 925 per share. It said that industry spends growth moderated to 28 per cent year-on-year (YoY) in March as compared to 38 per cent in February.

The company’s F23 market share stood at 18.2 per cent; largely steady in the second half of the previous fiscal, the brokerage noted.

Morgan Stanley on Affordable HFCs

Affordable housing finance companies’ space is niche, under-penetrated and has a secular growth outlook with pricing power, Morgan Stanley said in its note on the sector. It added thesis is stronger now as asset quality has been tested by covid, besides, valuations have de-rated.

HSBC on Fertiliser sector

Goldman Sachs on Pharma sector

CLSA on Oil & Gas

The brokerage said spot LNG prices have halved year-to-date and its demand has jumped 5.4 per cent month-on-month. This bodes well for March quarter volume prospects of GAIL, GSPL, Petronet LNG and Gujarat Gas, CLSA said in his comment on the sector.

Along with improvements in margins, it may also be a re-rating tailwind for Indraprastha Gas and Mahanagar Gas, it said, stating ONGC as a top ‘buy’ and GAIL offers attractive risk-reward.

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(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.)