Have Titan, Asian Paints, Zomato, NTPC shares in your investment portfolio? Here is how foreign brokerages view 10+ stocks now
Share Market News, Stocks to Buy/Sell: As Dalal Street enters a holiday-shortened week, with the Mahatma Gandhi Jayanti holiday on Wednesday, here's what brokerages make of a bunch of stocks now.
Share Market News, Stocks to Buy/Sell: Domestic equity benchmarks made a weak start to a holiday-truncated weak owing to selling pressure across most sectors, with both Sensex and Nifty50 falling as much as one per cent in intraday trade. Barring metal shares, all sectors suffered sharp losses with financial, IT, energy, and auto stocks being at the forefront of the sell-off amid mixed global moves. Sensex fell as much as 867.5 points to 84,704.3 while the Nifty50 lost 258 points to 25,921 during the session.
With the main indices about 1.5 per cent off their all-time highs registered last week, are there fresh investment opportunities on Dalal Street?
Here's what brokerages make of a bunch of stocks now:
Brokerage Views | Jefferies maintains NTPC rating
Jefferies has maintained its 'buy' call for NTPC shares with a target price of Rs 485.
HSBC initiates coverage on PepsiCo bottling firm Varun Beverages
HSBC has initiated coverage on Varun Beverages with a 'buy' rating and a target price of Rs 780, suggesting an upside of 28 per cent over Friday's closing price.
VBL has 90 per cent of PepsiCo's India bottling volumes in an underpenetrated soft drink market in contrast to the fragmented Coke system, according to the brokerage.
Brokerage Views | CLSA maintains Zomato rating
CLSA has maintained an 'outperform' rating for Zomato with a target price of Rs 353.
Zomato remains the brokerage's top pick in the food delivery space.
Should you avoid paintmakers for now?
Morgan Stanley has maintained an 'underweight' rating for Asian Paints although with a revised target of Rs 2,522 instead of the Rs 2,300 earlier.
The brokerage has raised its FY25 EBIDTA margin assumption for the paintmaker to 19 per cent from 18.4 per cent.
Brokerage Views | Should you buy Kansai Nerolac stock?
Morgan Stanley has maintained an 'underweight' rating for Kansai Nerolac with a revised target price of Rs 256 instead of the Rs 249 earlier.
Brokerage Views | What to do with Navin Fluorine shares?
Jefferies has continued with an 'underperform' rating for Navin Fluorine with a target price of Rs 3,000.
According to the brokerage, the specialty chemical maker's crop protection portfolio faces the risk to earnings on account of Chinese competition.
Brokerage Views | Should you buy/sell Federal Bank shares?
Nomura has maintained a 'buy' call on Federal Bank shares with a target price of Rs 240.
Brokerage Views | What to do with Page Industries shares?
Morgan Stanley has kept an 'overweight' rating for Page Industries with a raised target of Rs 45,400 instead of Rs 44,645 earlier.
Brokerage Views | What to do with DMart shares?
Morgan Stanley has maintained an 'overweight' rating for Avenue Supermarts (DMart) with a revised target price of Rs 5,769 instead of the Rs 5,510 earlier.
Brokerage Views | How CLSA views Bajaj Finance
CLSA has retained its 'outperform' rating for Bajaj Finance with a target price of Rs 9,200.
Brokerage Views | Morgan Stanley cuts Titan target
Morgan Stanley has maintained an 'equal-weight' rating for Titan and reduced its target price for the Tata group stock to Rs 3,570 from Rs 3,620.