Should you buy, sell or hold Swiggy, DLF, Manappuram shares? How analysts view several buzzing stocks now
Share Market News, Brokerage Views: As investors await the onset of a new earnings season on Dalal Street, here's how analysts at various brokerages view a bunch of stocks buzzing in trade now.
Share Market News, Brokerage Views: Domestic equity benchmarks suffered losses on Thursday as weakness in financial, energy and IT shares outweighed strength in FMCG and auto stocks. Both headline indices fell about 0.7 per cent after starting the day on a muted note.
Investors keenly await Tata Consultancy Services' financial results for the October-December period, due later in the day, for cues.
Meanwhile, here's how analysts view a bunch of stocks buzzing in trade on Dalal Street.
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How Jefferies views real estate space now
Jefferies expects sales growth of more than 15 per cent in the country's real estate sector in value terms.
The backdrop for residential demand is still positive in the realty space with inventories near 14-year lows, according to the brokerage.
According to Jefferies, strong balance sheets remain supportive of valuations in real estate.
How Jefferies views real estate space now
Jefferies has DLF, Godrej Properties and Macrotech as its preferred picks in the real estate basket.
Godrej Properties | Should you buy, sell or hold the largecap real estate stock?
Jefferies has kept a 'buy' rating on Godrej Properties with a target price of Rs 3,750.
DLF | Should you buy, sell or hold the largecap realty stock?
Jefferies has maintained a 'buy' rating on DLF with a target price of Rs 1,000.
Macrotech Developers | Should you buy, sell or hold the largecap realty stock?
Jefferies has maintained a 'buy' call on Macrotech Developers (LODHA) shares while raising its target price for the stock by Rs 85 to Rs 1,615.
Should you buy, sell or hold Bajaj Auto shares?
CLSA has upgraded Bajaj Auto to 'accumulate' from 'reduce' with a target price of Rs 9,493.
Swiggy | Should you buy, sell or hold the food delivery stock?
Bernstein has initiated coverage on Swiggy with an 'outperform' rating and a target of Rs 635 per share.
Escorts Kubota | Should you buy, sell or hold the tractor maker's stock?
CLSA has upgraded the largecap stock to 'accumulate' from 'hold' with a target price of Rs 3,775.
Manappuram Finance | Should you buy, sell or hold the gold finance stock?
Morgan Stanley has maintained an 'equal-weight' rating on Manappuram Finance with a target price of Rs 175.
Bajaj Auto | Should you buy, sell or hold the Nifty Auto stock?
Morgan Stanley has continued with its 'overweight' rating on the largecap auto stock with a revised target price of Rs 9,951, instead of the earlier Rs 11,389.