Top 7 Stocks: Brokerages have sell calls on these 2 Tata group stocks; defence PSU multibagger upgraded
Top 7 Stocks: The share market opened in the red on Thursday (May 9, 2024) as benchmark indices Sensex and Nifty50 on Thursday (May 9) were down following a flat close in the session a day ago, with pessimism prevailing amid rising volatility and selling by foreign investors. Amid such a market, brokerages such CSLA, Goldman Sach, Nomura, and Jefferies have picked stocks such as Tata Power, Voltas, Hero MortoCorp, L&T, stc. Know their calls on these respective stocks and targets.
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Larsen & Toubro
Jefferies has maintained 'buy' stance on L&T. But it has cut the target to Rs 3,970 from Rs 4,135.
Hero MotoCorp (CMP: 4614)
Jefferies has maintained 'buy' call on the automaker with a target of Rs 5,650.
TVS Motor Co
Jefferies has maintained a 'buy' stance on the automaker with a target price of Rs 2,525.
Tata Power
CLSA has maintained a 'sell' call on the Tata group stock with a target of Rs 297
Goldman Sachs has maintained a 'sell' stance on the Tata fir with its target of Rs 240.
HAL
Nomura initiated its coverage on Hindustan Aeronautics Ltd with a 'buy' call. It has given the target of Rs 4,750 for the multilbagger defence stock.
It says that the company's strong moat in fighter aircraft and helicopters gives basis for the development of indigenous engine programme.
BSE
Jefferies has maintained a 'hold' call on the stock exchange's shares with a target of Rs 3,100.
Voltas
CLSA has downgraded this Tata group stock to 'sell' from 'underperform', raising the target to Rs 1,190 from Rs 1,100.
HCL Technologies
CLSA has upgraded HCL Technologies to 'buy' from 'reduce' with a target price of Rs 1,524.