Top Stocks in News: 2 'sell' calls on this paint giant; target cut for PSU OMC; this Tata group firm downgraded
After closing in the red zone for a day, the stock market opened in the green on Friday, May 10, 2024. It is yet to be seen if the market holds on to its position throughout the day. On Friday, the highest rise was recorded in BPCL, NTPC, Coal India, Power Grid, ONGC on FTE. Tata Motors and SBI were also among gainers. In the metal sector, Hindalco, JSW Steel, Tata Steel had the biggest gains. Ahead of the market opening on Friday, brokerages such as Morgan Stanley, Citi, Investec, HSBC, and UBS have picked a bunch of stocks. Know the brokerage calls and targets here.
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Citi on BPCL
It has maintained a 'buy' call on the company, with a target price of Rs 760.
Citi on HPCL
Citi has maintained a 'buy' call on the PSU, cutting the target to Rs 630 per share.
Citi on Asian Paints
The brokerage has 'maintained' a sell call on the paint giant after its poor Q4 results, with a target price of Rs 2,600 per share.
Investec on Asian Paints
Investec has maintained a 'sell' call on the company, cutting its target price to Rs 2,660.
HSBC on Tata Power
'Downgraded' the Tata group firm to 'reduce', raising its target price to Rs 300.
Morgan Stanley on PNB
The brokerage has maintained an 'underweight' call on the bank with a target price of Rs 70.
HSBC on State Bank
The brokerage has maintained a 'hold' call on the bank, raising its target price to Rs 950.
UBS on SRF
UBS has maintained a 'but' call on the firm, cutting its target price to Rs 2,700.
Jefferies on SRF
Jefferies has maintained an 'underperform' on the company with a target price of Rs 2,085.
BofA on UBL
BofA has downgraded UBL to 'underperform', cutting its target price to Rs 1,850.
CLSA on Sula Vineyards
The brokerage has downgraded the firm to 'underperform', cutting its target price to Rs 515.