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.

Should you buy, sell or hold LIC Housing, Hindalco, Muthoot Finance, Dalmia Bharat shares? Here’s what analysts suggest
Image Source: Pixabay

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

 

Brokerage Rating Target price
CLSA Buy Rs 135
Morgan Stanley Equalweight Rs 110
Jefferies Buy Rs 150
Macquarie Outperform Rs 120

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. 

Brokerage Rating Target price
CLSA Buy Rs 520
Morgan Stanley Underweight Rs 320
Jefferies Buy Rs 500

Muthoot Finance shares

Brokerages were divided on non-banking finance company Muthoot Finance.

Brokerage Rating Target price
CLSA Reduce Rs 1140
Morgan Stanley Equal-weight Rs 1150

Hindalco shares

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. 

Brokerage Rating Target price
CLSA Buy Rs 580
Jefferies Buy Rs 600

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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Written By: Vaibhav Gautam Bansode
Edited By: Sandeep Singh
Updated: Tue, Feb 07, 2023
09:56 am
Mumbai, ZeeBiz WebDesk
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