Should you buy Infosys, TCS, Tata Motors, Zomato, other stocks today? Here is what brokerages suggest
Heres what Morgan Stanley, JPMorgan, Nomura, Goldman Sachs, CLSA, Jefferies and HSBC make of stocks such as Infosys, TCS, Zomato, Tata Motors, TVS Motors, Hero MotoCorp and Bajaj Auto
As Dalal Street enters the January 12 session, brokerages have a dozen stock recommendations on their radar. Here's what Morgan Stanley, JPMorgan, Nomura, Goldman Sachs, CLSA, Jefferies and HSBC make of stocks such as Infosys, TCS, Zomato, Tata Motors, TVS Motors, Hero MotoCorp and Bajaj Auto:
Infosys
JPMorgan and Morgan Stanley each have an 'overweight' rating on Infosys with targets of Rs 1,800 and Rs 1,700, respectively. Jefferies and HSBC each have a 'buy' call on the stock with a target of Rs 1,740 and Rs 1,620, respectively.
TCS
Goldman Sachs has a 'buy' rating on Tata Consultancy Services (TCS) with a target of Rs 4,310. Morgan Stanley has an 'equal-weight' rating on the IT major’s stock with a target of Rs 3,900. JP Morgan has a 'neutral' rating with a target of Rs 3,700.
Jefferies and HSBC each have a 'hold' call on TCS with targets of Rs 4,000 and Rs 3,640, respectively.
HDFC AMC
CLSA has maintained a 'reduce' rating on HDFC AMC with a target of Rs 3,440.
Morgan Stanley has an 'equal-weight' rating on the stock with a target of Rs 3,000.
Jefferies has a 'buy' call on HDFC AMC with a target of Rs 4,010.
HSBC has a 'hold' call on HDFC AMC with a target price of Rs 3,410.
Macrotech Developers
Jefferies has a 'buy' call on Macrotech Developers with a target of Rs 1,290.
Zomato
Jefferies and Goldman Sachs have recommended buying Zomato shares with targets of Rs 190 and Rs 160, respectively.
Bharat Forge
Nomura has a 'neutral' rating on Bharat Forge and Samvardhana Motherson each with different targets of Rs 1,239 and Rs 107, respectively.
Tata Motors
Nomura has a 'buy' call on Tata Motors with a target of Rs 953.
TVS Motors
JP Morgan has a 'neutral' rating on TVS Motors with a target of Rs 2,110.
Bajaj Auto
JP Morgan has an 'overweight' rating on Bajaj Auto with a target of Rs 8,210.
Nomura has a 'buy' call on Bajaj Auto with a target of Rs 8,897.
Hero MotoCorp
JP Morgan has an 'overweight' rating on Hero MotoCorp with a target of Rs 4,950. Nomura has a 'neutral' rating on the stock with a target of Rs 3,505.
ONGC, OIL
CLSA has a 'buy' call on Oil India Ltd (OIL) with a target of Rs 435.
The brokerage has an 'outperform' rating on Oil and Natural Gas Corporation (ONGC) with a target of Rs 360.
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