Stocks That Matter: 'Sell' calls on Hero MotoCorp and Larsen & Toubro; 'equalweight' on Tata Group firm

ZeeBiz WebTeam | Jun 21, 2024, 12:26 PM IST

Stocks to Watch: Nifty 50 was off to flying start during the trading session on Friday (June 21, 2024) as it hit an all-time high of 23,667.10, while BSE Sensex also jumped by over 150 points in the morning session. However, they slipped later as BSE Sensex was last seen lower by 0.37 per cent, or 288.79 points at 77,190.14, while Nifty 50 was down by 0.18 per cent, or 41.55 points, at 23,525.45. Amid such market conditions, brokerages such as Morgan Stanley, HDFC Securities, Kotak Securities, Sharekhan, LKP Securities, and Geojit Financial Services have selected a number of stocks such as Voltas, Hero MotoCorp, L&T, Ircon International Limited, Sun Pharma, Thermax, Coforge Ltd., and Cyient DLM Limited. Know brokerage calls and share price targets for these stocks.      

Photos: Unsplash/Pixabay

1/11

HDFC Securities on Ircon International (CMP Rs 280.55)

HDFC Securities on Ircon International (CMP Rs 280.55)

HDFC Securities has 'buy' call on Ircon International with a 10-day target price of Rs 299, a 6.58% upside.

2/11

Kotak Securities on Hero MotoCorp

Kotak Securities on Hero MotoCorp

Kotak Securities has a 'sell' call on the leading automaker. The recommendation price was Rs 5,505, while the 12-month target price is Rs 3,950. 

3/11

Morgan Stanley on Voltas (CMP Rs 1,484)

Morgan Stanley on Voltas (CMP Rs 1,484)

Morgan Stanley has maintained an 'equalweight' rating on the Tata group company with a target price of Rs 1,225.

4/11

Sharekhan on Sun Pharma (CMP Rs 1,470)

Sharekhan on Sun Pharma (CMP Rs 1,470)

Sharekhan has maintained a 'buy' call on Sun Pharma with a target price of Rs 1,800. 

5/11

Kotak Securities on Larsen & Toubro

Kotak Securities on Larsen & Toubro

Kotak Securities has a 'sell' call on L&T with a 12-month target price of Rs 3,050.

6/11

Sharekhan on Thermax (CMP Rs 5,140)

Sharekhan on Thermax (CMP Rs 5,140)

Sharekhan has maintained a 'hold' call on Thermax with a target price of Rs 5,200.  

7/11

Kotak Securities on Coforge Limited

Kotak Securities on Coforge Limited

Kotak Securities has a 'buy' call on the firm with one-month target prices of Rs 5,765 and Rs 5,865 and stop loss at Rs 5,160.

8/11

Sharekhan on Lumax Auto Technologies (CMP Rs 536)

Sharekhan on Lumax Auto Technologies (CMP Rs 536)

Sharekhan has maintained a 'buy' stance on Lumax Auto with a target price of Rs 650.

9/11

LKP Securities on Cyient DLM Limited

LKP Securities on Cyient DLM Limited

LKP Securities initiates coverage on Cyient DLM Limited with a 'buy' call and a share price target of Rs 851 (38x FY26E).

10/11

Geojit Financial on City Union Bank Ltd (CMP Rs 166)

Geojit Financial on City Union Bank Ltd (CMP Rs 166)

Geojit Financial has a 'buy' call on City Union Bank with a 12-month target price of Rs 185, an 11% upside.

11/11

KRChoksey on Infibeam (CMP Rs 32.10)

KRChoksey on Infibeam (CMP Rs 32.10)

KRChoksey has a 'buy' call on Infibeam with a share price target of Rs 37.60, an upside of 17.20 per cent. 

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