Stock Ratings: Delhivery, Titan, SBI Get BUY Calls

Major brokerages have released a diverse set of recommendations for Indian stocks today, spanning ‘BUY’, ‘SELL’, and ‘HOLD’ ratings for various companies. Firms including Motilal Oswal, Nuvama, Elara Capital, Goldman Sachs, Morgan Stanley, and Citi have provided their latest insights and revised target prices.

Key ‘BUY’ Calls and Target Revisions

Several stocks received favorable outlooks from analysts, with specific target prices outlined for potential gains. These ‘BUY’ ratings highlight confidence in the companies’ performance for the current trading session.

• Delhivery: Motilal Oswal and Nuvama assigned ‘BUY’ ratings with a target price of Rs 570.
• Britannia Industries: Motilal Oswal rated ‘BUY’ with a target of Rs 6,700; Elara Capital issued an ‘ACCUMULATE’ with a target of Rs 6,250.
• Hindalco Industries: Motilal Oswal maintained a ‘BUY’ rating, setting a target of Rs 1,220.
• Fortis Healthcare: Nuvama recommended ‘BUY’ with a target of Rs 1,145.

Titan Company and State Bank of India also saw significant attention, although with slightly varied approaches from different analytical firms. Analysts provided both ‘OVERWEIGHT’ and ‘BUY’ ratings for these prominent stocks.

• Titan Company: Morgan Stanley gave an ‘OVERWEIGHT’ rating, naming it an Analyst Top Pick with a target of Rs 5,483. Elara Capital downgraded to ‘ACCUMULATE’ (target Rs 5,300), while Citi maintained a ‘BUY’ (target Rs 5,700).
• State Bank of India (SBI): Citi issued a ‘BUY’ rating with a target of Rs 1,300. Morgan Stanley rated it ‘EQUAL-WEIGHT’ with a target of Rs 980.

Cautious Stances and Downgrades

In contrast to the positive calls, several other companies faced more reserved or negative ratings from brokerages. These included ‘NEUTRAL’, ‘HOLD’, and ‘REDUCE’ recommendations, indicating a cautious approach by analysts.

• Hitachi Energy: Motilal Oswal rated ‘NEUTRAL’ with a target of Rs 36,000.
• Lupin: Nuvama assigned a ‘HOLD’ rating, setting a target of Rs 2,600.
• Kaynes Technology: Nuvama downgraded to ‘REDUCE’ with a target of Rs 3,450.
• Premier Energies: Elara Capital also downgraded to ‘REDUCE’, targeting Rs 1,052.
• Fortis Healthcare: Goldman Sachs maintained a ‘NEUTRAL’ rating with a target of Rs 975.

Other notable ratings included Morgan Stanley’s ‘EQUAL-WEIGHT’ or ‘OVERWEIGHT’ calls for Godrej Consumer Products, Manappuram Finance, Aditya Birla Fashion and Retail, and Power Finance Corporation. These recommendations underscore the varied market sentiment across different sectors.