Bank of Baroda, Bajaj Auto, JSW Steel, Maruti Suzuki: Should you buy, sell or hold stocks in focus today?

Which stocks to buy, hold or sell today? As Dalal Street enters the April 11 session, here's a look at what brokerages make of some of the key stocks that are trending today. Stocks such as Bank of Baroda, Bajaj Auto, Maruti Suzuki, UltraTech Cement, and other auto and cement shares are on their radar today.

Here is a list of brokerage calls on some of the stocks in focus today, including BoB, Bajaj Auto, JSW Steel. | Image Source: Pixabay

Which stocks to buy, hold or sell today? As Dalal Street enters the April 11 session, here's a look at what brokerages make of some of the key stocks that are hogging the limelight.

Stocks such as Bank of Baroda, Bajaj Auto, Maruti Suzuki, UltraTech Cement, and other auto and cement shares are on their radar today.

Do you have any of these stocks in your portfolio?

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Check out the full list of what brokerages recommend, including Bajaj Finance, Marico, IndusInd Bank, and HCL Tech among other stocks:

Bank of Baroda

Global brokerages are upbeat on Bank of Baroda – a public sector lender – a day after it announced its fourth quarter business update. Morgan Stanley and JP Morgan has an ‘overweight’ rating, while Citi maintained a ‘buy’ stance on the stock.

Domestic loan growth remains strong and was driven by an acceleration in domestic retail, Morgan Stanley said in its comment, adding that CASA (current and saving accounts) growth accelerated while term deposit growth moderated during the quarter.

Brokerages	Rating	Price Target
Morgan Stanley	Overweight	Rs 220
Citi	Buy	Rs 210
JP Morgan	Overweight	Rs 220

Bajaj Auto

Brokerages are bullish on Bajaj Auto – a two-wheeler and three-wheeler maker as days after British bike maker Triumph transfers its India sales, and marketing operations to the auto company.

Morgan Stanley maintained an ‘overweight’ call on Bajaj Auto as it believes Triumph's success could add Rs 397 in upside to Bajaj's bull case, Jefferies has a ‘buy’ call on the stock.

Brokerages	Rating	Price Target
Morgan Stanley	Overweight	Raised to Rs 4,486 from Rs 4,449
Jefferies	Buy	Raised to Rs 4,800 from Rs 4,300

JSW Steel

Morgan Stanley and Nomura are skeptical on JSW Steel shares as the former maintained an ‘underweight’ rating, while latter has a ‘reduce’ call on the stock after the company announced its Q4 business update.

According to Morgan Stanley, the management noted it would miss consolidated production guidance slightly given JISPL and Ohio businesses affected by shutdowns and weak market conditions.

Brokerages	Rating	Price Target
Morgan Stanley	Underweight	Rs 545
Nomura	Reduce	Rs 570

Maruti Suzuki

Brokerages	Rating	Price Target
Morgan Stanley	Overweight	Raised to Rs 11,155 from Rs 10,488
Jefferies	Buy	Cut to Rs 11,000 from Rs 11,250

Jefferies on Auto

Stocks	Rating	Price Target
Tata Motors	Buy	Raised to Rs 600 from Rs 565
Mahindra and Mahindra	Underperform	Cut to Rs 1,150 from Rs 1,165
Eicher Motors	Buy	Cut to Rs 3,800 from Rs 4,250
Hero MotoCorp	Buy	Cut to Rs 3,000 from Rs 3,200
Bharat Forge	Underperform	Raised to Rs 570 from Rs 555

Macquarie on Cement

The global brokerage believes robust demand and input cost moderation-led price improvement drive a constructive outlook. It’s not factoring cement price increase in FY24E.

Stocks	Rating	Price Target
UltraTech Cement	Outperform	Raised to Rs 8,498 from Rs 7,703
Shree Cement	Neutral	Raised to Rs 24,210 from Rs 22,813
Dalmia Bharat	Outperform	Raised to Rs 2,260 from Rs 2,176
Ramco Cements	Neutral	Raised to Rs 788 from Rs 736

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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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