Should you buy, sell or hold SBI, ITC, IndiGo, Concor, Zydus Lifescience and other shares?

Which stocks to buy, hold or sell today? As Dalal Street enters the May 19 session, here's a look at what brokerages make of some of the key stocks in focus. State Bank of India (SBI), ITC, Granules, InterGlobe Aviation (IndiGo), ConCor, Zydus Lifescience, and other stocks are on their radar today.

Here is a list of brokerage calls on some of the stocks in focus today, including SBI, ITC. | Image: Pixabay

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

State Bank of India (SBI), ITC, Granules, InterGlobe Aviation (IndiGo), ConCor, Zydus Lifescience, Gland Pharma, Tata Elxsi, and other stocks are on their radar today.

Do you have any of these stocks in your portfolio?

TRENDING NOW

State Bank of India (SBI)

Most brokerages are bullish on State Bank of India shares after India’s largest lender announced higher-than-estimated earnings for the March quarter of FY23 on Thursday.

CLSA, Jefferies, Goldman Sachs, and Citi each have a ‘buy’ rating, while Morgan Stanley and JP Morgan each maintained an ‘overweight’ stance on the stock.

Brokerage	Rating	Price Target
CLSA	Buy	Rs 725
Morgan Stanley	Overweight	Rs 715
JP Morgan	Overweight	Rs 720
Jefferies	Buy	Rs 760
Goldman Sachs	Buy	Rs 746
Citi	Buy	Rs 710
Macquarie	Outperform	Rs 695

ITC Limited

Amid registering strong Q4 earnings, most brokerages such as Citi, Jefferies, Nomura, and Goldman Sachs have a ‘buy’ rating on the ITC shares. The cigarette-to-hotels conglomerate on Thursday announced higher-than-expectations numbers in the March quarter of FY23.

Brokerage	Rating	Price Target
Morgan Stanley	Overweight	Rs 474
JP Morgan	Overweight	Rs 425
Citi	Buy	Rs 480
Jefferies	buy	Rs 520
Nomura	Buy	Rs 485
Goldman Sachs	Buy	Rs 470

InterGlobe Aviation (IndiGo)

On the back of better performance in Q4 earnings, the majority of the global brokerages are upbeat on IndiGo shares as JP Morgan and Morgan Stanley each retained an ‘overweight’ rating. At the same time, Citi and Goldman Sachs have a ‘buy’ call on the aviation stock.

Brokerage	Rating	Price Target
JP Morgan	Overweight	Rs 2,700
Morgan Stanley	Overweight	Rs 3,126
Citi	Buy	Rs 2,400
Jefferies	Underperform	Rs 1,950
Credit Suisse	Outperform	Rs 2,450
Goldman Sachs	Buy	Rs 2,600

ConCor

Brokerages are divided on Container Corporation – a state-run company – after the government-owned firm’s margins for the quarter came below estimate. Morgan Stanley has an ‘equal weight’, Macquarie ‘underperform’ and Nomura ‘neutral’ rating on the stock.

Brokerage	Rating	Price Target
Morgan Stanley	Equal weight	Rs 660
Macquarie	Underperform	Rs 620
Nomura	Neutral	Rs 635

Zydus Lifescience

Brokerage	Rating	Price Target
Morgan Stanley	Overweight	Rs 646
Jefferies	Buy	Rs 585
Nomura	Buy	Rs 540
Macquarie	Underperform	Rs 400

GAIL India

Brokerage	Rating	Price Target
Morgan Stanley	Overweight	Rs 135
Citi	Buy	Rs 125
Jefferies	Hold	Rs 110
Macquarie	Outperform	Rs 140

Gland Pharma

Brokerage	Rating	Price Target
Goldman Sachs	Buy	Rs 1,475
Citi	Sell	Rs 925
Jefferies	Underperform	Rs 1,065

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