From BHEL to ONGC, here's what brokerages suggest on these stocks
Indian equity benchmark indices climbed in early trade on Wednesday amid firm global market trends. The 30-share BSE Sensex climbed 212.21 points to 74,165.52 in early trade. The NSE Nifty went up by 48.35 points to 22,577.40.
Buy or Sell?
Among the Sensex firms, NTPC, Hindustan Unilever, Asian Paints, Nestle and ITC were the major gainers and State Bank of India (SBI), Power Grid, JSW Steel and Mahindra & Mahindra were among the laggards. Let's have a look at brokerages' reports on some major stocks.
Jefferies on PI Industries
Brokerage firm Jefferies has maintained a 'Buy' call on the stock of PI Industries with a target price of Rs 4,165.
Morgan Stanley on BHEL
Global brokerage firm Morgan Stanley has maintained an 'Equalweight' rating on PSU stock BHEL with a target price of Rs 220 per equity share.
Morgan Stanley on Metropolis Healthcare
The brokerage has maintained an 'Equalweight ' rating on Metropolis Healthcare with a target price of Rs 1,792.
CLSA on ONGC
Brokerage firm CLSA has maintained a 'Buy' call on PSU company ONGC and has raised the target to Rs 330 from Rs 300. Similarly, Jefferies has maintained a 'Buy' rating with a target price of Rs 390.
Bernstein on HCL Tech
Bernstein has maintained a 'Neutral' rating and has reduced the target to Rs 1,460 from Rs 1,600.
Goldman Sachs on Astral
The global brokerage firm has maintained a 'Buy' rating on shares of Astral and has raised the target to Rs 2,335 from Rs 2,300.
CLSA on Oil India
CLSA has downgraded the ratings to 'Reduce' from 'Buy' and has raised the target to Rs 690 from Rs 575.
Morgan Stanley on SBI Card
Morgan Stanley has maintained a 'Neutral' rating on the SBI Card with a target of Rs 750.