Should you buy HCL Tech, HAL, Bharat Forge, Voltas, other stocks today? Here is what brokerages recommend

As Dalal Street enters the May 9 session, brokerages have several stocks on their radar. Here's what Goldman Sachs, Jefferies, Macquarie, JPMorgan, Citi, Morgan Stanley, CLSA, and Nomura make of stocks such as HCL Technologies, Hindustan Aeronautics Ltd (HAL), Bharat Forge, and Voltas.

Hero MotoCorp

Two brokerages, Jefferies and Citi have maintained a ‘buy’ call on the Hero MotoCorp stock with a target of Rs 5,650 and Rs 5,500, respectively. Meanwhile, CLSA and Macquarie have maintained an ‘outperform’ rating on Hero MotoCorp shares with a target of Rs 5,280 and Rs 5,557.

JPMorgan has maintained an ‘overweight’ rating on Hero MotoCorp with a target of Rs 5,240. Morgan Stanley, on the other side, has maintained an ‘underweight’ rating on the stock with a target of Rs 3,638.

Larsen & Toubro (L&T)

Four brokerages, Jefferies, CLSA, Goldman Sachs, and Citi have maintained a ‘buy’ call on the Larsen & Toubro (L&T) stock with a target of Rs 3,970, Rs 4,151, Rs 3,600, and Rs 4,396, respectively.

TVS Motor

Jefferies has maintained a ‘buy’ call on the TVS Motor stock with a target of Rs 2,525, while CLSA and Citi have maintained a ‘sell’ call on the stock with a target of Rs 1,444 and Rs 1,550, respectively.

Two brokerages, JPMorgan and Nomura have maintained a ‘neutral’ rating on TVS Motor shares with a target of Rs 2,150 and Rs 1,946, respectively.

Morgan Stanley has maintained an ‘equal-weight’ rating on TVS Motor with a target of Rs 1,706. Macquarie, on the other side, has maintained an ‘outperform’ rating on the stock with a target of Rs 2,242.

Tata Power

Both CLSA and Goldman Sachs have maintained a ‘sell’ call on the Tata Power stock with a target of Rs 297.

Piramal Enterprises

Jefferies has maintained an ‘underperform’ rating on the Piramal Enterprises stock with a target of Rs 785.

CLSA has maintained a ‘reduce’ rating on Piramal Enterprises shares with a target of Rs 950. Meanwhile, Citi has maintained a ‘sell’ call on the stock with a target of Rs 720.

Nomura on Defence Stocks: HAL, BEL

Nomura has initiated a ‘buy’ call on two defence stocks: HAL and BEL. They recommend buying shares of HAL with a target of Rs 4,750 and BEL with a target of Rs 300. 

Gujarat State Petronet

CLSA has an ‘outperform’ rating on the Gujarat State Petronet stock with a target of Rs 330.

HCL Tech

CLSA has a ‘buy’ call on the HCL Technologies stock with a target of Rs  1,524.

Tata Consultancy Services (TCS)

CLSA has maintained a ‘reduce’ rating on the Tata Consultancy Services stock with a target of Rs 3,868.

Canara Bank

Morgan Stanley has maintained an ‘underweight’ rating on the Canara Bank stock with a target of Rs 410.

Bharat Forge

Jefferies has maintained an ‘underperform’ rating on the Bharat Forge stock with a target of Rs 1,075.

Two brokerages, Morgan Stanley and JPMorgan have maintained an ‘overweight’ rating on Bharat Forge shares with a target of Rs 1,613 and Rs 1,490, respectively. On the other side, both CLSA and Citi have maintained a ‘sell’ call on the stock with a target of Rs 1,038 and Rs 850, respectively.

Voltas

CLSA has a ‘sell’ call on the Voltas stock with a target of Rs 1,190.

BSE

Jefferies has maintained a ‘hold’ call on the BSE stock with a target of Rs 3,100.

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