Should you buy, sell or hold Tata Motors, Maruti Suzuki, Paytm, HUL, Zomato, PB Fintech shares?

Which stocks to buy, hold or sell today? As Dalal Street enters the June 8 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are scrips such as Tata Motors, Maruti Suzuki, Paytm, PB Fintech, HUL, Zomato, and oil marketing companies.

Do you have any of these stocks in your portfolio?

Tata Motors shares

Most global brokerages are bullish on auto giant Tata Motors shares after the company announced its business plan during the analysts meeting on Wednesday. CLSA, Nomura, and Goldman Sachs each give a ‘buy’ rating on the stock, while UBS has a ‘sell’ call on it.

Maruti Suzuki shares

Auto major Maruti Suzuki on Wednesday launched its new SUV car Jimny amid which brokerages are positive on the stock. Morgan Stanley has an ‘overweight’ rating and Nomura maintained a ‘neutral’ stance on the counter.

Paytm shares

BoFA Sec upgrades Paytm to ‘buy’ call with a target raised to Rs 855 from Rs 780 on the back of strong revenue momentum and operational leverage, which has room to surprise. The brokerage said Paytm shares are in a “sweet spot” with limited competition.

PB Fintech shares

BoFA Sec downgraded PB Fintech to an ‘underperform’ rating with a target of Rs 600 amid slowing growth on a high base. The global brokerage said the company is good but improving profitability is likely priced in.

Hindustan Unilever shares

Macquarie has an ‘outperform’ rating on Hindustan Unilever shares with a target of Rs 3050 per share as the brokerage expects 5 per cent volume growth in the first quarter of FY24 as compared to 4 per cent in the last three months period FY23.

Similarly, Citi maintained a ‘buy’ stance on HUL stock with a target price of Rs 2900 apiece. 

Catch latest on stock market updates and minute-by-minute coverage on the RBI policy review. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.