What brokerages make of Infosys, Tata Motors, ITC, HCL Tech, other stocks today

Here's what CLSA, JPMorgan, Morgan Stanley and other brokerages make of stocks such as Tata Motors, Infosys, TCS, Nestle India, Hindustan Unilever Ltd (HUL), ITC and Tata Consumer Products.

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As Dalal Street enters the January 4 session, brokerages have a bunch of stocks on their radar. Here's what CLSA, JPMorgan, Morgan Stanley and other brokerages make of stocks such as Tata Motors, Infosys, TCS, Nestle India, Hindustan Unilever Ltd (HUL), ITC and Tata Consumer Products.

Here are some of the top brokerage calls of the day:

Tata Motors

Macquarie has maintained an ‘outperform’ rating on Tata Motors with a target price of Rs 750.

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Bajaj Finance

On Bajaj Finance, Morgan Stanley has maintained an ‘overweight’ rating with a target of Rs 10,000 whereas Nomura has kept a ‘buy’ call with a target of Rs 9,500.

CLSA has a ‘sell’ call each on BPCL, HPCL and IOC, with targets of Rs 420, Rs 360 and Rs 105, respectively.

Indian Hotels

Morgan Stanley has retained an ‘overweight’ rating on Indian Hotels with a target of Rs 490.

Zomato

Morgan Stanley has an ‘overweight’ call on Zomato with a target of Rs 150.

Delhivery

Morgan Stanley has an ‘overweight’ rating on Delhivery with a target of Rs 455.

Jubilant FoodWorks

Macquarie has an underperform rating on Jubilant Foodworks with a target of Rs 325.

Tata Consumer Products

Jefferies recommends holding Tata Consumer Products shares with a target of Rs 1,140.

Britannia Industries

Jefferies has a ‘hold’ rating on Britannia Industries with a target of Rs 5,550.

Nestle India

Jefferies has a ‘hold’ call on Nestle India with a target of Rs 24,750.

Hindustan Unilever Ltd

Jefferies has a ‘hold’ call on HUL shares with a target of Rs 2,800.

ITC

Jefferires has a ‘buy’ call on ITC with a target of Rs 540.

Infosys

JPMorgan has an ‘overweight’ rating on Infosys with a target of Rs 1,800. Morgan Stanley has an ‘overweight’ rating on the IT major with a target of Rs 1,700.

HCL Tech

JPMorgan has a ‘neutral’ rating on HCL Technologies with a target price of Rs 1,520. Morgan Stanley has maintained an ‘equal-weight’ rating on the stock with a target of Rs 1,470.

Tata Consultancy Services

JPMorgan has a ‘neutral’ rating on TCS shares with a target of Rs 3,700. Morgan Stanley has maintained an ‘equal-weight’ rating on TCS with a target of Rs 3,900.

Tech Mahindra

JPMorgan has continued with its ‘underweight’ rating on Tech Mahindra with a target of Rs 1,150. Morgan Stanley has also maintained its ‘underweight’ call on the IT major, with a target of Rs 1,110.

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