ICICI Lombard, IGL, Zomato, United Spirits, Coal India: Should you buy, sell or hold stocks in focus today?

Which stocks to buy, hold or sell today? As Dalal Street enters the April 19 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as ICICI Lombard General Insurance, Indraprastha Gas, Zomato, United Spirits, Coal India, and other shares are on their radar today.

Here is a list of brokerage calls on some of the stocks in focus today, including ICICI Lombard, IGL, Zomato. | Image Source: Pixabay

Which stocks to buy, hold or sell today? As Dalal Street enters the April 19 session, here's a look at what brokerages make of some of the key stocks that are in the focus.

Stocks such as ICICI Lombard General Insurance, Indraprastha Gas, Zomato, United Spirits, Coal India, and other shares are on their radar today.

Do you have any of these stocks in your portfolio?

TRENDING NOW

Check out the full list of what brokerages recommend, including ICICI Lombard General Insurance, Indraprastha Gas, Zomato, United Spirits, Coal India, and other stocks:

ICICI Lombard General Insurance

Most brokerages are upbeat on ICICI Lombard General Insurance a day after the private insurance company announced its March quarter results. The company’s net income jumped almost 40 per cent to Rs 437 crore, while its premium income grew by 6.7 per cent to Rs 4,977 crore in Q4.

ICICI Lombard earnings were mixed, according to UBS with net income beating the estimates while premium growth was slower than industry.

Brokerage	Rating	Price Target
UBS	Buy	Rs 1,445
CLSA	Buy	Cut to Rs 1,400 from Rs 1,500
Morgan Stanley	Overweight	Rs 1,400
JP Morgan	Neutral	Cut to Rs 1,160 from Rs 1,250
Jefferies	Buy	Cut to Rs 1,560 from Rs 1,620
Macquarie	Underperform	Rs 995

While JP Morgan said that the product mix of ICICI Lombard will continue to shift to a more profitable health segment and Jefferies advised to watch for the impact of a rise in reinsurance cost.

Indraprastha Gas

Morgan Stanley maintained an ‘overweight’ rating on Indraprastha Gas with a revised target price of Rs 540 per share from Rs 507 apiece earlier. The brokerage expects a 16.5 per cent volume CAGR (Compound Annual Growth Rate) over the next two years.

Zomato

UBS has a ‘buy’ call on Zomato with a reduced target of Rs 80 apiece from Rs 90 a share earlier. The brokerage cut FY24-25e food delivery GOV (gross order value) for Zomato by 10 per cent although revenue estimates are down less due to better take rates and hyper-pure revenues.

United Spirits

Macquarie maintains an ‘underperform’ stance on United Spirits with a target of Rs 650 per share. The brokerage sees risks to near-term margins given inflationary headwinds on input costs, and limited room to cut overhead costs.

Coal India

JP Morgan maintained an ‘overweight’ stance on Coal India with a revised target of Rs 290 per share from Rs 285 apiece earlier. According to brokerages, the company is due for a hike as the last hike was done on January 18, especially when the wage bill has been finalised

It added that stable to higher earnings should translate into strong dividends, moreover, foreign shareholding moved higher over the last 2 years.

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(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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