TCS, AU Small Finance Bank, HPCL, GAIL, Rainbow Children Medicare: Should you buy, sell or hold stocks in focus today?
Which stocks to buy, hold or sell today? As Dalal Street enters the April 13 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as TCS, AU Small Finance Bank, Rainbow Children’s Medicare, HPCL, BPCL, M&M, Hero MotoCorp, and other autos, energy, and healthcare shares are on their radar today.
Which stocks to buy, hold or sell today? As Dalal Street enters the April 13 session, here's a look at what brokerages make of some of the key stocks that are in the focus.
Stocks such as TCS, AU Small Finance Bank, Rainbow Children’s Medicare, HPCL, BPCL, M&M, Hero MotoCorp, and other autos, energy, and healthcare 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 TCS, AU Small Finance Bank, Rainbow Children’s Medicare, HPCL, BPCL, M&M, and other stocks:
Tata Consultancy Services (TCS)
Most global brokerages are not happy with India’s largest IT services company TCS’ March quarter earnings as many of them see the company missing estimates. However, believes it has reported a healthy order book.
Tata Consultancy Services' net profit increased five per cent to Rs 11,390 crore for the quarter ended March 2023 compared with the previous three months, slightly below analysts' estimates.
Brokerages | Rating | Price Target |
CLSA | Outperform | Rs 3,550 |
Morgan Stanley | Equal weight | Rs 3,350 |
JP Morgan | Underweight | Rs 2,700 |
Jefferies | Hold | Rs 3,375 |
Citi | Sell | Rs 3,000 |
Nomura | Reduce | Rs 2,830 |
HSBC | Hold | Rs 3,395 |
Macquarie | Outperform | Rs 4,510 |
AU Small Finance Bank
Brokerages are bullish on AU Small Finance Bank (SFB) after the lender’s MD and CEO three years of extension in tenure from the Reserve Bank of India. Morgan Stanley has an ‘overweight’ rating and Citi maintained a ‘buy’ stance on the stock.
Brokerages | Rating | Price Target |
Morgan Stanley | Overweight | Rs 835 |
Citi | Buy | Rs 740 |
With full tenure extension and a peaking interest rate cycle, Morgan Stanley expects stock to stop de-rating and sees strong re-rating over the next few years with strong earnings compounding.
Rainbow Children's Medicare
HSBC initiates a ‘buy’ call on Rainbow Children's Medicare with a target price of Rs 1,025 per share. The brokerage said the company is a compelling investment case to play the niche pediatric care market in India and expects profit after tax to double over FY22-25e
Morgan Stanley on Energy
A benign energy price environment improved domestic demand, significant policy tailwinds, and better capital allocation point to the average upside, Morgan Stanley said in its comment.
Stocks | Rating | Price Target |
HPCl | Underweight | Cut to Rs 220 from Rs 254 |
BPCL | Overweight | Cut to Rs 390 from Rs 440 |
ONGC | Overweight | Raised to Rs 218 from Rs 199 |
GAIL | Overweight | Raised to Rs 135 from Rs 124 |
Petronet LNG | Equal weight | Raised to Rs 235 from Rs 219 |
Indian Oil | Overweight | Raised to Rs 100 from Rs 88 |
Oil India | Overweight | Raised to Rs 339 from Rs 323 |
Goldman Sachs on Auto
Stocks | Rating | Price Target |
Bajaj Auto | Neutral | Cut to Rs 4,300 from Rs 4,400 |
M&M | Buy | Cut to Rs 1,490 from Rs 1,600 |
Eicher Motors | Buy | Rs 3,660 |
Hero MotoCorp | Sell | Raised to Rs 2,170 from Rs 2,150 |
Ashok Leyland | Neutral | Rs 140 |
TVS Motor | Neutral | Raised to Rs 1,150 from Rs 1,050 |
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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.)
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