Asian Paints, Pidilite, Britannia: Should you buy, sell or hold stocks in focus today?

Which stocks to buy, hold or sell today? As Dalal Street enters the April 5 session, here's a look at what brokerages make of some of the key stocks that are hogging the lime

Stocks such as Asian Paints, Pidilite, Britannia, Hindalco, Marico, and other banks, insurance and IT 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 Finance, Marico, IndusInd Bank, and HCL Tech among other stocks:

Bajaj Finance shares

Global brokerages are divided over Bajaj Finance shares after the non-banking finance company (NBFC) on Tuesday announced its March quarter business update through an exchange filing.

In this, Morgan Stanley maintained an ‘overweight’ rating on Bajaj Finance as it believes the loan growth and other key internals are better than the brokerage’s estimates and is upbeat on strong new customer acquisition.

Brokerage	Rating	Price Target
Morgan Stanley	Overweight	Rs 8,000
Jefferies	Buy	Rs 7,280
Citi	Neutral	Rs 6,400
Macquarie	Underperform	Rs 5,200

Similarly, other brokerages like Jefferies has a ‘buy’ rating on Bajaj Finance, Citi retains a ‘neutral’ rating and Macquarie gives an ‘underperform’ rating on the NBFC major.

Marico shares

Brokerages are also divided on Parachute coconut oil maker Marico. The company on Monday after market hours released its business update for the quarter that ended March 31, 2023.

Among brokerages, CLSA has a ‘reduce’ rating, while Nomura maintained a ‘neutral’ stance. On the contrary, Citi gives a ‘buy’ call and Macquarie maintained an ‘outperform’ rating on the FMCG firm. 

 

Brokerage	Rating	Price Target
CLSA	Reduce	Cut to Rs 500 from Rs 530
Citi	Buy	Cut to Rs 570 from Rs 585
Macquarie	Outperform	Rs 580
Nomura	Neutral	Rs 565

Hindalco shares

Most brokerages are upbeat on Hindalco as CLSA and Jefferies each maintained a ‘buy’ rating, while JP Morgan has an ‘outperform’ rating on the metal stock.

Brokerage	Rating	Price Target
CLSA	Buy	Rs 550
Jefferies	Buy	Rs 490
JP Morgan	Overweight	Rs 570

CLSA in its note on Hindalco said that details on factors driving weakness and key items to monitor for recovery were missing, it added medium-term guidance reiterated and capex paced out. A bounce back in profitability is key to a re-rating, the brokerage said in its view on metal major.

Britannia Industries shares

CLSA has maintained a ‘sell’ rating on FMCG major Britannia Industries with a reduced target of Rs 4,030 per share from Rs 4,060 apiece earlier. The company on Tuesday announced an Interim Dividend of 7200 per cent — Rs 72 per equity share of the face value of Re 1 each for the FY23.

Pidilite Industries shares

CLSA also gives a ‘sell’ call on Fevicol maker Pidilite Industries with a revised target of Rs 2,000 apiece from Rs 2,035 per share earlier.

Asian Paints shares

CLSA maintained a ‘sell’ stance on paint major Asian Paints too, however, with an increased target of Rs 2,610 per share from Rs 2,580 apiece earlier. Jefferies last week had also maintained a ‘sell’ call on the paint stock.

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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.)