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.

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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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