Should you buy, sell or hold Bajaj Auto, Nestle India, Tata Consumer, HDFC AMC and other shares?
Which stocks to buy, hold or sell today? As Dalal Street enters the April 26 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as Bajaj Auto, Nestle India, Tata Consumer Products, HDFC AMC, and other shares are on their radar today.
Which stocks to buy, hold or sell today? As Dalal Street enters the April 26 session, here's a look at what brokerages make of some of the key stocks that are in focus.
Stocks such as Bajaj Auto, Nestle India, Tata Consumer Products, HDFC AMC, Crompton Greaves Consumer, Dalmia Bharat, and other shares 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 Bajaj Auto, Nestle India, Tata Consumer Products, HDFC AMC, Crompton Greaves Consumer, Dalmia Bharat, and other stocks:
Bajaj Auto
Most global brokerages are upbeat on Bajaj Auto shares a day after the auto major announced its March quarter earnings. The two-wheeler and three-wheeler maker on Tuesday reported a marginal rise in standalone Profit After Tax at Rs 1,468.95 crore for the three months to March 2023.
The auto heavyweight result was above expectations of CLSA and Citi, while it was in line with estimates of Goldman Sachs.
Brokerage | Rating | Price Target |
CLSA | Outperform | Raised to Rs 4,659 from Rs 4,474 |
JP Morgan | Overweight | Raised to Rs 5,150 from Rs 4,400 |
Morgan Stanley | Overweight | Raised to Rs 5,063 from Rs 4,486 |
Citi | Sell | Raised to Rs 4,000 from Rs 3,500 |
Jefferies | Buy | Raised to Rs 5,100 from Rs 4,800 |
Goldman Sachs | Neutral | Raised to Rs 4,500 from Rs 4,300 |
Macquarie | Neutral | Rs 4,541 |
Nestle India
Similarly, the majority of the global brokerages are also bullish on the Nestle India stocks after the company registered strong figures in its first quarter of the calendar year 2023.
The FMCG major on Tuesday reported an increase of 24.69 per cent in its net profit at Rs 736.64 crore for the first quarter, helped by robust volume growth and pricing.
Brokerage | Rating | Price Target |
Morgan Stanley | Underweight | Rs 15,315 |
JP Morgan | Overweight | Rs 21,200 |
Goldman Sachs | Neutral | Raised to Rs 22,000 from Rs 19,900 |
Citi | Buy | Raised to Rs 24,000 from Rs 22,250 |
Jefferies | Hold | Raised to Rs 19,300 from Rs 18,100 |
HSBC | Buy | Raised to Rs 23,600 from Rs 23,100 |
Macquarie | Neutral | Raised to Rs 21,500 from Rs 20,000 |
Nomura | Buy | Raised to Rs 24,100 from Rs 22,900 |
Tata Consumer Products
Brokerages are impressed with Tata Consumer Products March quarter earnings, which was released on Tuesday and hence most of them suggest to ‘buy’ the shares of Tata group.
The company on Tuesday reported a 21.12 per cent rise in its consolidated net profit at Rs 289.56 crore in the fourth quarter ended on March 31, 2023, led by a mixed growth from volume and price in India business.
Brokerage | Rating | Price Target |
Morgan Stanley | Overweight | Rs 904 |
Jefferies | Buy | Rs 860 |
Nomura | Buy | Rs 880 |
HDFC Asset Management Company
Brokerages are divided on HDFC AMC shares a day after its earnings for the fourth quarter of the financial year 2022-23. The mutual fund company on Tuesday reported a nine per cent growth in profit after tax (PAT) to Rs 376.1 crore for the three months ended March 2023.
Brokerage | Rating | Price Target |
CLSA | Buy | Cut to Rs 2,080 from Rs 2,090 |
Morgan Stanley | Equal weight | Rs 1,840 |
JP Morgan | Neutral | Cut to Rs 1,890 from Rs 2,150 |
Citi | Sell | Raised to Rs 1,706 from Rs 1,880 |
HSBC | Hold | Rs 1,850 |
Crompton Greaves Consumer
Brokerage | Rating | Price Target |
CLSA | Outperform | Cut to Rs 300 from Rs 350 |
JP Morgan | Neutral | Cut to Rs 265 from Rs 350 |
Jefferies | Buy | Rs 430 |
Citi | Buy | Rs 371 |
Nomura | Buy | Rs 377 |
Macquarie | Outperform | Rs 367 |
Dalmia Bharat
Brokerage | Rating | Price Target |
Morgan Stanley | Overweight | Rs 2,260 |
Jefferies | Buy | Rs 2,310 |
Macquarie | Outperform | Rs 2,260 |
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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.)
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