Which stocks to buy, hold or sell today? As Dalal Street enters the April 11 session, here's a look at what brokerages make of some of the key stocks that are hogging the limelight.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Stocks such as Bank of Baroda, Bajaj Auto, Maruti Suzuki, UltraTech Cement, and other auto and cement 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:

Bank of Baroda

Global brokerages are upbeat on Bank of Baroda – a public sector lender – a day after it announced its fourth quarter business update. Morgan Stanley and JP Morgan has an ‘overweight’ rating, while Citi maintained a ‘buy’ stance on the stock.

Domestic loan growth remains strong and was driven by an acceleration in domestic retail, Morgan Stanley said in its comment, adding that CASA (current and saving accounts) growth accelerated while term deposit growth moderated during the quarter.

Brokerages Rating Price Target
Morgan Stanley Overweight Rs 220
Citi Buy Rs 210
JP Morgan Overweight Rs 220

 

Bajaj Auto

Brokerages are bullish on Bajaj Auto – a two-wheeler and three-wheeler maker as days after British bike maker Triumph transfers its India sales, and marketing operations to the auto company.

Morgan Stanley maintained an ‘overweight’ call on Bajaj Auto as it believes Triumph's success could add Rs 397 in upside to Bajaj's bull case, Jefferies has a ‘buy’ call on the stock.

Brokerages Rating Price Target
Morgan Stanley Overweight Raised to Rs 4,486 from Rs 4,449
Jefferies Buy Raised to Rs 4,800 from Rs 4,300

JSW Steel

Morgan Stanley and Nomura are skeptical on JSW Steel shares as the former maintained an ‘underweight’ rating, while latter has a ‘reduce’ call on the stock after the company announced its Q4 business update.

According to Morgan Stanley, the management noted it would miss consolidated production guidance slightly given JISPL and Ohio businesses affected by shutdowns and weak market conditions.

 

Brokerages Rating Price Target
Morgan Stanley Underweight Rs 545
Nomura Reduce Rs 570

 

Maruti Suzuki

 

Brokerages Rating Price Target
Morgan Stanley Overweight Raised to Rs 11,155 from Rs 10,488
Jefferies Buy Cut to Rs 11,000 from Rs 11,250

 

Jefferies on Auto

 

Stocks Rating Price Target
Tata Motors Buy Raised to Rs 600 from Rs 565
Mahindra and Mahindra Underperform Cut to Rs 1,150 from Rs 1,165
Eicher Motors Buy Cut to Rs 3,800 from Rs 4,250
Hero MotoCorp Buy Cut to Rs 3,000 from Rs 3,200
Bharat Forge Underperform Raised to Rs 570 from Rs 555

Macquarie on Cement

The global brokerage believes robust demand and input cost moderation-led price improvement drive a constructive outlook. It’s not factoring cement price increase in FY24E.

 

Stocks Rating Price Target
UltraTech Cement Outperform Raised to Rs 8,498 from Rs 7,703
Shree Cement Neutral Raised to Rs 24,210 from Rs 22,813
Dalmia Bharat Outperform Raised to Rs 2,260 from Rs 2,176
Ramco Cements Neutral Raised to Rs 788 from Rs 736

 

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.

(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.)