Stocks to Buy, Sell or Hold :Volatility continues in the stock market, due to which investors are also looking cautious about investing money. The market is waiting for the results. The results of the General Election 2024 will come on June 4, after which the direction of the market will be decided. However, the valuation of the market is already high, so experts are advising to invest in only those stocks whose fundamentals are strong. If you are also looking for some such stocks, then you can keep an eye on the latest list of brokerage houses.
Leading brokerage house has advised fresh investment in some stocks (Brokerage Houses FavouriteExperts are advising to be stock specific. Brokerage houses form their opinion by doing thorough research on the fundamentals of any stock and based on that they advise to buy the stock or stay away from it. The advantage of getting a positive opinion from the brokerage is that the sentiment regarding the stock improves.
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Titan Company
Brokerage house Goldman Sachs has given a Buy rating on Titan shares and has set the target price at Rs 3950. The current price of the share is Rs 3300.
Tata Steel
Brokerage house Jefferies has given a Buy rating on Tata Steel and has set a target price of Rs 200. Today the stock is trading around Rs 170. However, brokerage house Morgan Stanley has given an equal buy rating on the stock and has set a target price of Rs 135.
RR Cable
Brokerage house Citi has given a Buy rating on RR Kabel today and increased the target price to Rs 2043. The stock is currently trading at Rs 1724.
Emami
Brokerage house Goldman Sachs has given a Buy rating on Emami’s stock and has set a target price of Rs 640. Brokerage house Jefferies has given a Buy rating on the stock and has set a target price of Rs 630. The stock closed at Rs 523 on Wednesday. However, today the stock has strengthened by about 15 percent and crossed 600.
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Prestige Estate
Brokerage house CLSA has given a Buy rating to Prestige Estate and has set a target price of Rs 1875. Brokerage house Citi has also given a Buy rating to the stock and has set a target price of Rs 1841. The current price of the stock is Rs 1525.
Samvardhana Motherson
Brokerage house JP Morgan has given an overweight rating to Samvardhana Motherson (SAMIL) and has set a target price of Rs 165. While Morgan Stanley has also given an overweight rating and has set a target price of Rs 176. Jefferies has given a buy rating to the stock and has set a target price of Rs 175. The current price of the stock is Rs 146.
Nomura has given a Buy rating on the stock and has set a target price of Rs 165. While Citi has given a Sell rating on the stock and has set a target price of Rs 85.
Alkem Labs
Brokerage house Jefferies has given an underperform rating to Alkem Labs and has set a target price of Rs 4200. Brokerage house JP Morgan has given a neutral rating to the stock and has set a target price of Rs 5445. Brokerage house HSBC has given a hold rating and has set a target price of Rs 4880. The current price of the stock is Rs 4975.
(Disclaimer: Investing or selling stocks is advised by experts and brokerage houses. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)