Should you buy, sell or hold Dr Reddy’s, L&T, Godrej Consumer, Gujarat Gas, other stocks today?
Which stocks to buy, hold or sell today? As Dalal Street enters the May 11 session, here's a look at what brokerages make of Dr Reddy’s Laboratories, Larsen and Toubro, Godrej Consumer, Gujarat Gas, Escorts Kubota and other shares are on their radar today.
Which stocks to buy, hold or sell today? As Dalal Street enters the May 11 session, here's a look at what brokerages make of some of the key stocks in focus.
Stocks like Dr Reddy’s Laboratories, Larsen and Toubro, Godrej Consumer, Gujarat Gas, Escorts Kubota, 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, Dr Reddy’s Laboratories, Larsen and Toubro, Godrej Consumer, Gujarat Gas, Escorts Kubota, and other stocks:
Dr Reddy’s Laboratories
Global brokerages are divided on Dr Reddy’s Laboratories shares a day after the pharma company released its Q4 earnings. Jefferies and Nomura each have a ‘buy’ rating, while JP Morgan retained an ‘underweight’ stance and Goldman Sachs has a ‘neutral’ call on the stock.
Dr Reddy's Laboratories | |||
Brokerage | New Rating | New Target | Old Target |
Goldman Sachs | Neutral | Rs 4,750 | Rs 4,840 |
JP Morgan | Underweight | Rs 3,780 | Rs 3,800 |
Jefferies | Buy | Rs 5,600 | Rs 5,535 |
Nomura | Buy | Rs 5,161 | |
Macquarie | Outperform | Rs 5,250 |
Larsen and Toubro
Most global brokerages are upbeat on Larsen and Toubro (L&T) shares after the construction and engineering company reported a robust set of numbers during the January-March quarter of the last fiscal. Goldman Sachs, Nomura, Citi, CLSA, and Jefferies each maintained a ‘buy’ rating on the stock.
Larsen & Toubro | |||
Brokerage | New Rating | New Target | Old Target |
Goldman Sachs | Buy | Rs 2,540 | Rs 2,550 |
Nomura | Buy | Rs 2,770 | Rs 2,540 |
Jefferies | Buy | Rs 2,900 | Rs 2,650 |
Citi | Buy | Rs 2,722 | Rs 2,630 |
CLSA | Buy | Rs 2,790 | |
Morgan Stanley | Overweight | Rs 2,827 | |
Bernstein | Outperform | Rs 2,452 |
Godrej Consumer
Many global brokerages are bullish on Godrej Consumer shares after the company reported solid Q4 results for FY23. Goldman Sachs, Nomura, and Jefferies each have a ‘buy’ call, while Morgan Stanley and JP Morgan each maintained an ‘overweight’ stance on the stock.
Brokerage | Rating | Price Target |
Goldman Sachs | Buy | Raised to Rs 1,150 from Rs 1,100 |
Nomura | Buy | Rs 1,100 |
Morgan Stanley | Overweight | Rs 1,129 |
Jefferies | Buy | Rs 1,200 |
Macquarie | Outperform | Rs 1,000 |
JP Morgan | Overweight | Rs 990 |
Escorts Kubota
CLSA has a ‘sell’ call and JP Morgan maintained an ‘underweight’ rating on Escorts Kubota a day after the company announced its March quarter earnings for the previous fiscal.
Brokerage | Rating | Price Target |
CLSA | Sell | Raised to Rs 1,658 from Rs 1,601 |
JP Morgan | Underweight | Raised to Rs 1,680 from Rs 1,600 |
Gujarat Gas
Brokerage | Rating | Price Target |
Morgan Stanley | Overweight | Rs 564 |
Macquarie | Neutral | Rs 500 |
CLSA | Sell | Raised to Rs 450 from Rs 420 |
Jefferies | Underperform | Cut to Rs 420 from Rs 425 |
Citi | Neutral | Rs 530 |
JP Morgan | Underweight | Rs 350 |
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