Should you buy, sell or hold L&T, Tata Power, Biocon, other stocks now?

Share Market News: Here's how brokerages view a bunch of stocks today, including Larsen & Toubro, Tata Power and Biocon.

The market began Thursday's session on a negative note. | Representational image | Image credit: Pexels

Share Market News: Domestic equity benchmarks Nifty 50 and Sensex began Thursday's session on a negative note amid selling pressure in IT, energy, FMCG and auto shares. This marks the last session of the October F&O series as well as Samvat 2080. As investors await more corporate earnings from India Inc for cues, here's how brokerage view a bunch of stocks on Dalal Street now.

Should you buy, sell or hold Larsen & Toubro (LT) shares?

After market hours on Wednesday, private sector construction major L&T staged a strong financial performance for the September quarter.

L&T registered a 5.4 per cent year-on-year increase in its consolidated net profit to Rs 3,395 crore for the fiscal second quarter. Its revenue increased by more than one-fifth to Rs 61,555 crore, according to a regulatory filing.

The company's margin contracted by 70 basis points to 10.3 per cent due to higher costs and the base effect. However, it was within 50 bps of analysts' expectations.

According to Zee Business research, L&T was estimated to register a net profit of Rs 3,288 crore, revenue of Rs 57,522 crore, and margin of 10.8 per cent.

Brokerage	Rating	Target
Goldman Sachs	Buy	Raised to Rs 3,960 from Rs 3,740
Nomura	Buy	Rs 4,100
Morgan Stanley	Overweight	Rs 3,857
JPMorgan	Overweight	Rs 4,360
Jefferies	Buy	Rs 4,160

Should you buy, sell or hold Tata Power shares?

According to Jefferies, Tata Power's September-quarter EBITDA was 8 per cent above its estimate.

Brokerage	Rating	Target
Jefferies	Underperform	Raised to Rs 340 from Rs 325
Morgan Stanley	Buy	Rs 560
Nomura	Buy	Rs 560

Should you buy, sell or hold Biocon shares?

Brokerage	Rating	Target
Jefferies	Underperform	Raised to Rs 280 from Rs 230
HSBC	Reduced	Revised to Rs 270 from Rs 300
Goldman Sachs	Buy	Cut to Rs 350 from Rs 360

Should you buy, sell or hold Cipla shares?

Brokerage	Rating	Target
HSBC	Buy	Cut to Rs 1,755 from Rs 1,890
Citi	Buy	Rs 1,830
CLSA	Hold	Rs 1,580

Should you buy, sell or hold Dixon Tech shares?

Brokerage	Rating	Target
Jefferies	Underperform	Raised to Rs 9,750 from Rs 7,900

Should you buy, sell or hold Mastek shares?

Brokerage	Rating	Target
Macquarie	Outperform	Rs 3,320

Should you buy, sell or hold AIA Engineering shares?

Brokerage	Rating	Target
Nomura	Reduce	Revised to Rs 3,480 from Rs 3,600

Should you buy, sell or hold AB Capital shares?

Brokerage	Rating	Target
Morgan Stanley	Equal-weight	Rs 262
Jefferies	Buy	Raised to Rs 265 from Rs 260

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