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Stocks to buy/sell/hold for profit booking: Since the stock markets are closed today for Independence Day, investors have a great opportunity to catch up on fresh ratings and target prices released by leading brokerage houses for 12 key stocks. These recommendations could help guide smart moves once trading resumes.
Here’s a quick summary of what the experts are saying:
Stocks that can give profit:-
1) Jubilant Foodworks
Mixed views here. HSBC downgraded it to ‘Hold’ but raised the price target to Rs 650. Citi remains positive with a ‘Buy’ rating and bumped the target to Rs 820. Goldman Sachs and JP Morgan stayed neutral but lowered their targets. Some brokers worry about margin pressure and promotional costs.
2) Samvardhana Motherson
Mostly positive, but targets cut a bit. Jefferies kept a ‘Buy’ but lowered the target to Rs 110. JP Morgan gave it an ‘Overweight’ rating with a Rs 105 target. CLSA says ‘Accumulate’ and raised their target slightly. The company is expanding well in Europe and outside auto components.
3) Muthoot Finance
Gold-backed confidence here. Morgan Stanley upgraded the rating to ‘Overweight’ with a Rs 2,920 target. Jefferies also bullish with a raised target of Rs 2,950. Rising gold prices and low bad loans make it a safer bet.
4) BPCL
Strong quarterly performance. Citi kept ‘Buy’ with a Rs 430 target. EBITDA grew 24% and LPG losses narrowed, helping the company’s numbers look good.
5) AIA Engineering
Nomura cut the target to Rs 3,078 and kept a ‘Reduce’ rating, reflecting some caution.
6) Vishal Mega Mart
Good growth story. Jefferies raised the target to Rs 175, noting steady sales growth and new stores opening.
7) Campus Activewear
CLSA advises ‘Hold’ with a slightly lower target of Rs 276.
8) United Spirits
Some concerns here. Macquarie kept ‘Underperform’ with a Rs 1,250 target, citing tax hikes in Maharashtra but also margin improvements.
9) Brainbees Solutions
Morgan Stanley stays positive with ‘Overweight’ and a Rs 574 target, expecting solid growth in India and abroad.
10) Devyani International
Macquarie says ‘Outperform’ with a Rs 215 target but notes margin pressure from promotions at KFC and Pizza Hut. Long-term recovery looks promising.
11) HDFC Life
Jefferies holds a ‘Buy’ rating with a Rs 910 target, counting on regulatory stability and growth.
12) Infosys
Nomura maintains ‘Buy’ and Rs 1,880 target. The new JV deal with Telstra is expected to boost revenue by FY26.
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