Brokerage Alert: These stocks can cause losses, brokerage alert on Asian Paints, Bajaj Auto, Eicher Motors, advice to sell

Stocks to Buy, Sell or Hold :If you invest in the stock market, it is better to stay away from some stocks now. There are some stocks in the market that are liked by retail investors, which are expected to fall in the coming days. Their quarterly results have weakened their outlook and now brokerage houses are also advising to reduce or sell them from the portfolio or distance themselves. Brokerage says that the market has expectations from the budget and the better strategy is to keep an eye on fundamentally strong stocks until a fresh positive trigger is received.

You can take a look at the latest list of brokerage houses (Brokerage Houses Favourite Stocks) to know which stocks should be sold or bought in the current mood and environment. Brokerages recommend investing in only those stocks (Brokerage Recommendations) whose fundamentals are strong. Or they recommend selling those stocks whose fundamentals are weak. Brokerage houses form their opinion by looking at factors such as fundamentals of any stock, growth outlook, company’s business model, company’s ability to sustain strongly in future, product innovation or by doing proper research and on the basis of this, they advise to buy or stay away from the stock.

Asian Paints

Brokerage house Jefferies has given an underperform rating to Asian Paints shares and has reduced the target price to Rs 2100. At the same time, brokerage house ICICI Securities has also given a REDUCE rating to the stock and reduced the target price to Rs 2550. Brokerage house Incred Equities has given a REDUCE rating to Asian Paints and has set a target price of Rs 2620.

Goldman Sachs has given a Neutral rating to Asian Paints and has set the target price at Rs 2750. Brokerage house JP Morgan has also given a Neutral rating to the stock and has reduced the target price to Rs 2800. While Citi has given a Sell rating to Asian Paints and has reduced the target price to Rs 2400. However, UBS has given a Buy rating to Asian Paints and has set a target of Rs 3650. The current price of the stock is Rs 2974.

Bajaj Auto

Brokerage house Nomura has given a Buy rating on Bajaj Auto shares and has given a target price of Rs 10926. At the same time, brokerage house ICICI Securities has given a REDUCE rating to the stock and reduced the target price to Rs 8606. While CLSA has given an underperform rating to the stock and reduced the target price to Rs 7000. The current price of the stock is Rs 9718.

Eicher Motors

Brokerage house CLSA has given an underperform rating to Eicher Motors stock and reduced the target price to Rs 4157. At the same time, brokerage house Nomura has also given a REDUCE rating to the stock and reduced the target price to Rs 4119. Brokerage house Morgan Stanley has given an underweight rating to Eicher Motors and has set a target price of Rs 3533. Brokerage house Goldman Sachs has given a Buy rating to the stock and increased the target price to Rs 5400. While Citi has also given a Buy rating and reduced the target price to Rs 5300. The current price of the stock is Rs 4916.

LTI Mindtree

Brokerage house Investec has given Sell rating on LTI Mindtree and reduced the target price to Rs 5370. While Jefferies has given Underperform rating on LTI Mindtree and given a target price of Rs 4920. The current price of the stock is Rs 5562.

L&T Finance

Brokerage house Citi has given a Buy rating on L&T Finance and has given a target price of Rs 221 for the stock. The current price of the stock is Rs 184.

IndusInd Bank

Brokerage house ICICI Securities has given a Buy rating on Indusind Bank shares and has given a target price of Rs 2000. The current price of the share is Rs 1446.

Zen Technologies

Brokerage house Motilal Oswal has given a Buy rating on Zen tech and has given a target price of Rs 1775 for the stock. The current price of the stock is Rs 1353.

Hindustan Zinc

Brokerage house Citi has given a Sell rating on Hindustan Zinc and has given a target price of Rs 325 for the stock. The current price of the stock is Rs 662.

(Disclaimer: Investing or selling stocks is advised by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)