Should you buy Infosys, TCS, IGL, Petronet LNG, BPCL shares now? Here is what brokerages recommend

As Dalal Street enters the January 5 session, brokerages have a bunch of stocks on their radar. Here's what Jefferies, Morgan Stanley, Citi, CLSA and UBS make of stocks such as Infosys, TCS, Coforge, HCL Tech, ONGC, GAIL and Hindustan Aeronautics:

HCL Tech

Jefferies has a 'hold' call on HCL Technologies with a target price of Rs 1,500.

Infosys

Jefferies has recommended buying Infosys shares for a target of Rs 1,720.

Wipro

Jefferies has maintained an 'underperform' rating on Wipro with a target of Rs 385.

Coforge

Jefferies has a 'buy' call on Coforge shares for a target of Rs 7,000.

TCS

Jefferies has maintained a 'hold' call on Tata Consultancy Services (TCS) with a target of Rs 4,000.

Tech Mahindra

Jefferies has maintained an 'underperform' rating on Tech Mahindra with a target of Rs 1,100.

LTIMindtree

Jefferies has a 'buy' call on LTIMindtree with a target of Rs 6,830.

Hindustan Aeronautics

UBS has initiated a 'buy' call on Hindustan Aeronautics with a target of Rs 3,600.

GAIL

Morgan Stanley has an 'overweight' rating while Citi has a 'buy' call on GAIL. The brokerages have placed their targets for the stock at Rs 195 and Rs 185, respectively.

ONGC

Morgan Stanley has an 'overweight' rating on ONGC with a target price of Rs 254.

HPCL, BPCL, IOCL, Oil India

Jefferies has maintained an 'underperform' rating each on Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) with targets of Rs 330 and Rs 405, respectively. The brokerage has maintained a 'hold' rating on Indian Oil Corporation Limited (IOCL) with a target of Rs 130.

Morgan Stanley has maintained an 'overweight' rating on Oil India with a target of Rs 487.

IGL

Morgan Stanley has an 'equal-weight' rating on Indraprastha Gas Limited (IGL) with a target of Rs 413. Jefferies has maintained a 'hold' call on the stock with a target of Rs 430. CITI has kept a 'buy' call on the stock with a target of Rs 510.

Petronet LNG

Morgan Stanley and Jefferies have maintained their 'equal-weight' and 'underperform' ratings on Petronet LNG with targets of Rs 219 and Rs 195, respectively.