Should you buy, sell or hold Hero MotoCorp, Ambuja, Paytm shares? Here's what analysts suggest
Brokerages have mixed views on Hero MotoCorp, Adani Ports and Ambuja Cements, a day after the companies reported their financial results for the December quarter.
Brokerages remain positive on Bharti Airtel after the telecom major reported a 91.4 per cent jump in its quarterly profit. They have mixed views on Hero MotoCorp, a day after the auto maker reported a mute set of earnings.
Here's what global brokerages make of some of the key stocks in focus today:
Bharti Airtel shares
Goldman Sachs and CLSA each maintain a ‘buy’ rating on Bharti Airtel, whereas Credit Suisse and Macquarie each retain ‘outperform’.
|Goldman Sachs||Buy||Rs 875|
|Credit Suisse||Outperform||Rs 950|
|Morgan Stanley||Overweight||Rs 860|
Hero MotoCorp shares
The company's consolidated net profit increased 2.4 per cent to Rs 721.24 crore for the quarter ended December 2022, according to a regulatory filing.
|Morgan Stanley||Underweight||Rs 2,289|
Adani Ports shares
CLSA upgrades Adani Ports to ‘buy’ from ‘accumulate’ but reduced its target price to Rs 700 from Rs 792.
|Goldman Sachs||Buy||Rs 840|
Ramco Cements shares
Ambuja Cements shares
|Morgan Stanley||Underweight||Rs 405|
Macquarie has given a double upgrade on Paytm to ‘outperform’ from ‘underperform’, and raised its target price for the stock to Rs 800 from Rs 450 per share. The biggest surprise from the company is its distribution business and control of cashbacks, according to the brokerage.
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