Should you buy, sell or hold Reliance, ITC, Bajaj Auto, other stocks in focus?
Which stocks to buy, hold or sell today? As Dalal Street enters the March 29 session, heres a look at what brokerages make of some of the key stocks in focus. Stocks such as Reliance, ITC, Bajaj Auto, and Paytm are on their radar.
Which stocks to buy, hold or sell today? As Dalal Street enters the March 29 session, here's a look at what brokerages make of some of the key stocks in focus. Stocks such as Reliance, ITC, Bajaj Auto, and Paytm are on their radar.
Do you have any of these stocks in your portfolio?
Check out the full list of brokerage calls on Reliance, ITC, Bajaj Auto, ICICI Lombard and Paytm:
Reliance Industries shares:
JP Morgan has maintained an ‘overweight’ rating on Reliance Industries whereas Macquarie has upgraded to ‘neutral’ call from 'underperform' on the stock.
According to JP Morgan, here is value but no catalysts, high capex, and lack of retail disclosures key issues. Investors see range-bound performance as a good accumulation opportunity as multiple catalysts play out from CY24 onwards.
ITC Shares:
Morgan Stanley maintains an 'overweight' call on ITC and targets the stock at Rs 415. According to the brokerage, a price hike of Rs 0.5/stick has been initiated in Gold Flake KSFT segment.
Bajaj Auto shares:
JP Morgan maintains an 'overweight' and targets stock price at Rs 4,400 While Nomura maintains a 'buy' target at Rs 4,340.
Axis Bank shares:
Citi maintains a 'buy' call on Axis Bank and targets the price at Rs 1,080.
ICICI Lombard General Insurance Co shares:
Morgan Stanley maintains 'overweight' and targets the price at Rs 1,400. Management reiterated its guidance of achieving a 102 per cent combined ratio over the next couple of years. The focus of its digital journey remains on customer engagement & fraud detection.
Jefferies on ICICI Lombard remains 'neutral' and targets the price at Rs 1,250.
Paytm shares:
Citi maintains a 'buy' call on Paytm and targets the price at Rs 1,061.
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