Should you buy, sell or hold LIC Housing, Hindalco, Muthoot Finance, Dalmia Bharat shares? Here’s what analysts suggest
Most brokerages are upbeat on Tata Steel and LIC Housing, and divided on Muthoot Finance. Here's a list of brokerage calls on these and other key stocks in action today.
Brokerages remain positive on Tata Steel with their target prices implying upside potential in the range of 2-28 per cent, undeterred by a quarterly net loss from the steel giant. They have mixed views on LIC Housing Finance, after the housing finance mortgage lender reported a net profit that fell short of analysts' estimates by a wide margin.
Here's what brokerages make of some of the key stocks in focus today:
Tata Steel shares
|Morgan Stanley||Equalweight||Rs 110|
LIC Housing Finance shares
LIC Housing Finance reported a 37.4 per cent year-on-year fall in net profit to Rs 480.3 crore for the quarter ended December 2022. According to Zee Business research, the company's quarterly net profit was estimated at Rs 775 crore.
|Morgan Stanley||Underweight||Rs 320|
Muthoot Finance shares
Brokerages were divided on non-banking finance company Muthoot Finance.
|Morgan Stanley||Equal-weight||Rs 1150|
CLSA and Jefferies each have a ‘buy’ call on Hindalco.
According to CLSA the visibility on a rebound in the company's profitability would be key for a re-rating. Strong free cash flow generation and phased capex augur well for leverage, the brokerage adds.
Dalmia Bharat shares
Morgan Stanley maintains an ‘overweight’ call on Dalmia Bharat with a target price of Rs 1,950 per share — implying upside potential of 3.5 per cent from the stock's closing price on Monday.
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