Should you buy, sell or hold Paytm, Ambuja Cements, AB Capital, Indian Hotels, Dalmia Bharat, other stocks in focus today?
Which stocks to buy, hold or sell today? As Dalal Street enters the March 28 session, here's a look at what brokerages make of some of the key stocks in focus. Stocks such as Dalmia Bharat, Ambuja Cements, Paytm, Aditya Birla Capital, Indian Hotels and Tech Mahindra are on their radar.
Which stocks to buy, hold or sell today? As Dalal Street enters the March 28 session, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such as Paytm, Dalmia Bharat, Ambuja Cements, Aditya Birla Capital, Indian Hotels and Tech Mahindra.
Do you have any of these stocks in your portfolio?
Check out the full list of what brokerages recommend, including Paytm, Ambuja Cements, Aditya Birla Capital, Indian Hotels and Tech Mahindra:
Dalmia Bharat shares
CLSA has maintained an ‘outperform’ rating on Dalmia Bharat whereas Jefferies has a ‘buy’ call on the stock. Citi has retained a ‘neutral’ rating on the cement stock.
According to CLSA, the company’s refractory stake sale is a step in the right direction, however, concerns around capital allocation have been a key overhang for the stock.
Brokerage | Rating | Target price |
CLSA | Outperform | Rs 2,170 |
Citi | Neutral | Rs 2,050 |
Jefferies | Buy | Rs 2,310 |
Ambuja Cements shares
Morgan Stanley has retained an ‘equal weight’ rating on Ambuja Cements with a target of Rs 380 apiece.
Brokerage | Rating | Target price |
Morgan Stanley | Equal-weight | Rs 380 |
Jefferies | Buy | Rs 490 |
Paytm shares
Morgan Stanley has maintained an ‘equal-weight’ rating on Paytm with a target price of Rs 695 per share. The new guidelines could lead to additional revenues and some higher wallet-loading charges for Paytm Payments Bank, according to the brokerage.
Aditya Birla Capital shares
Morgan Stanley has maintained an ‘equal weight’ rating on AB Capital with a target of Rs 163 apiece.
The broking arm sale is at a 60 per cent discount to the current valuation, according to the brokerage.
Aarti Industries shares
Morgan Stanley has upgraded Aarti Industries to ‘equal-weight’ from ‘underweight’ and reduced its target price for the stock to Rs 484 apiece from Rs 597 apiece. According to brokerage, a 20 per cent dip in the stock and a similar cut in estimates in the last six months have priced in concerns amid limited downside triggers.
Indian Hotels shares
UBS has a ‘buy’ call on Tata group stock Indian Hotels with a target price of Rs 400 per share. According to the brokerage, the Indian Hotels management sees no signs of momentum slowing down.
Tech Mahindra shares
Citi has a ‘neutral’ rating on Tech Mahindra with a target of Rs 1,120 per share. The industry view is cautious in a tough macro environment and the company has room to improve its margin in the medium term as it is positioned better than peers, according to the brokerage.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
10:06 AM IST