Should you buy, sell or hold Bharti Airtel, Titan, HUL, MGL, other stocks in focus today?
Which stocks to buy, hold or sell today? As Dalal Street enters the March 10 session — the last trading day of the week, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such as Bharti Airtel, Mahanagar Gas, Titan, Hindustan Unilever and PowerGrid.
Which stocks to buy, hold or sell today? As Dalal Street enters the March 10 session — the last trading day of the week, here's a look at what brokerages make of some of the key stocks in focus. On their radar are stocks such as Bharti Airtel, Mahanagar Gas, Titan, Hindustan Unilever and PowerGrid.
Do you have any of these stocks in your portfolio?
Check out the full list of brokerage calls on Bharti Airtel, MGL, Titan, PowerGrid, JSW Steel, HUL and Crompton Greaves Consumer Electricals:
Bharti Airtel shares
Jefferies double upgrades Bharti Airtel to 'buy' from 'hold', and raises its target price for the telecom major's stock to Rs 900 from Rs 850. According to the brokerage, the company's market share gain in 4G subscribers, hikes in voice tariffs and improving tariff outlook should help it drive 13 per cent growth in its mobile average revenue per user (ARPU) over the three-year period ending March 2025.
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Jefferies also says that Bharti Airtel's market share gains are likely to accelerate amid 5G rollouts. The brokerage expects Bharti Airtel to take up a single tariff hike till March 2025. It estimates the tariff hike to be of the tune of 15 per cent towards the end of 2023.
Mahanagar Gas Ltd (MGL) shares
Brokerage | Rating | Target price |
JPMorgan | Overweight | Rs 1,040 |
Citi | Buy | Raised to Rs 1,140 from Rs 1,030 |
Nomura | Buy | Raised to Rs 1,150 from Rs 1,035 |
Jefferies | Hold | Rs 930 |
According to Citi, the acquisition of Unison has the potential to improve MGL's long-term growth outlook.
Last week, Mahanagar Gas signed a deal to acquire rival private sector city gas distributor Unison Enviro, a subsidiary of Ashoka Buildcon.
Citi said MGL is its preferred pick in the city gas distribution space, followed by IGL.
Hindustan Unilever Ltd (HUL) shares
HSBC continues with a 'buy' call on Hindustan Unilever with a target price of Rs 3,050. That implies upside potential of more than Rs 590 from HUL's closing price on Thursday.
Titan shares
HSBC retains a 'buy' rating on Titan with a target price of Rs 3,350.
JSW Steel shares
Morgan Stanley retains an 'underweight' rating on JSW Steel with a target price of Rs 545 — implying a downside of 19.8 per cent from the steelmaker's stock price on Thursday.
The brokerage, however, highlights that the company's overall domestic production guidance for the year ending March 2023 looks achievable.
Crompton Greaves Consumer Electricals shares
CLSA downgrades Crompton Greaves Consumer Electricals to 'outperform' from 'buy' and reduces its target price by Rs 35 to Rs 350.
PowerGrid shares
JPMorgan maintains an 'overweight' call on PowerGrid with a target of Rs 255.
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