Should you buy, sell or hold HUL, Axis Bank, Wipro, LTI Mindtree, Coforge, and other shares?
Which stocks to buy, hold or sell today? As Dalal Street enters the April 28 session, heres a look at what brokerages make of some of the key stocks that are in focus.
Which stocks to buy, hold or sell today? As Dalal Street enters the April 28 session, here's a look at what brokerages make of some of the key stocks that are in focus.
Stocks such as HUL, Axis Bank, Wipro, LTI Mindtree, Shriram Finance, Coforege 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 Axis Bank, HUL, Wipro, LTI Mindtree, Shriram Finance, Coforege, and other stocks:
Axis Bank
HUL
Wipro (CMP: 374)
Nomura
Maintain Neutral, Target cut to 370 from 380
JP Morgan
Maintain Underweight, Target cut to 350 from 360
Citi
Maintain Sell, Target cut to 340 from 350
Coforge (CMP: 4051)
Jefferies
Upgrade to Hold from Underperform, Target raised to 3760 from 3650
Q4 revenues in-line; profit miss estimates
Growth led by the ramp-up of orders in insurance & other verticals
Steady deal wins; In-line FY24 growth guidance
Investments in growth to limit margin expansion
Raise our FY24 est by 4% but lower Fy25 est by 25%
Nomura on Coforge (CMP: 4051)
Maintain Buy, Target raised to 4920 from 4800
Laurus Labs (CMP: 292)
Jefferies
Downgrade to Underperform from Hold, Target cut to 250 from 325
Missed est. for 3rd consecutive qtr. While formulations sales recovered QoQ,
Decline in CDMO sales ex-Paxlovid was sharper than expected
Co expects improvement from 2HFY24, but tepid base business growth,
no big CDMO product to fill void left by high-margin Paxlovid, & unused capacity,
should result in margin pressure Cut FY24-25 EPS by 22-23%
Morgan Stanley on ACC (CMP: 1751)
Maintain Underweight, Target 1615
EBITDA weaker than est. led by higher opex. Rev in line, but vol were much better &
realizations were weaker, await more details around this UW, mainly given ltd.
expansion in near term & hence growth visibility in medium term
ACC (CMP: 1751)
Jefferies
Maintain Buy, Target 2800
EBITDA In-line, But EBITDA/t Lower Strong Beat On Vol,
Attribute To Combined Ops With Ambuja QoQ
Cost Decline Higher Than Est. Cash Flow Position Improved Slightly
Morgan Stanley
Maintain Underweight, Target 1615
EBITDA weaker than est. led by higher opex. Rev in line, but vol were much better &
realizations were weaker, await more details around this UW, mainly given ltd.
expansion in near term & hence growth visibility in medium term
Indian Hotels (CMP: 340)
Jefferies
Maintain Buy, Target 380
Q4 another +ve Surprise, Ends FY23 On Strong Note
Co Reported Strong Beat With EBITDA Growing 3.4x YoY To Rs 540 Cr
Rev Grew YoY, QoQ Decline Was Sharply Lower Than Est Margin Driven By Maximising Op Lev
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