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. 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.

Ambuja Cements shares

Morgan Stanley has retained an ‘equal weight’ rating on Ambuja Cements with a target of Rs 380 apiece. 

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.

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