Shares to Focus: Brokerage raises 131% target price for this telecom giant; Delhivery downgraded
Shares to Focus: The share market is in red on Tuesday, May 21, 2024. While BSE Sensex is down by nearly 200 points, Nifty 50 is down by nearly 35 points. Some of the reasons why indices opened lower today were hawkish comments from key U.S. Federal Reserve officials and sustained foreign selling ahead of the final two phases of national elections. Amid such market conditions, Nomura, JP Morgan, Jefferies, Citi, CLSA and Morgan Stanley have picked shares such as Vodafone Idea, Bharat Electronics, Balkrishna Industries, Bandhan Bank, Delhivery, and JSW Steel. Know the brokerage call and share target prices.
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Nomura on Vodafone Idea
Nomura has upgraded Vodafone Idea to 'neutral' from 'reduce', raising the target to Rs 15 from Rs 6.5.
JP Morgan on Vodafone Idea
The brokerage has maintained an 'underweight' rating on the telecom company, raising the target to Rs 7 from Rs 3.
Morgan Stanley on SAIL (CMP 169)
Morgan Stanley has maintained an 'underweight rating on the steel PSU with a target price of Rs 100.
CLSA on Bandhan Bank Ltd (CMP 183)
The brokerage has maintained an 'accumulate' call on the bank, cutting the target to Rs 210 from Rs 250.
Bernstein on Delhivery Ltd (CMP 435)
Bernstein has downgraded Delhivery 'perform' from 'outperform', cutting the target to Rs 450 from Rs 520.
Citi on JSW Steel (CMP: 891)
The brokerage has maintained a 'sell' call on the firm, raising its target to Rs 750 from Rs 675.
CLSA on Vodafone Idea
CLSA has maintained a 'sell' call on the firm, raising the target to Rs 7 from Rs 5.
Jefferies on Bharat Electronics (CMP 259)
Jefferies has maintained a 'buy' on BEL, raising its target to Rs 305 from Rs 260.
Nomura on Balkrishna Industries Ltd (CMP 2798)
The brokerage has upgraded Balkrishna Industries to 'buy' from 'reduce', raising its target to Rs 3,230 from Rs 2,265.
JP Morgan on Bandhan Bank Ltd (CMP 183)
The brokerage has maintain an 'overweight' rating on the firm, cutting the target to Rs 260 from Rs 270.
Morgan Stanley on Bharat Electronics (CMP 259)
Morgan Stanley has maintained an 'overweight' rating, raising the target to Rs 300 from Rs 263.