Stocks to BUY, SELL or HOLD Today, November 11: Several stocks are expected to remain in focus during Wednesday’s trading session as leading global and domestic brokerages shared fresh views on companies across banking, financial services, defence, insurance and wealth management sectors. Morgan Stanley, DAM Capital, Bernstein, Goldman Sachs, Motilal Oswal and HDFC Securities have released their latest recommendations and target prices following earnings updates and sector developments.
Brokerages remain constructive on names such as ICICI Bank, IIFL Finance and Nuvama Wealth Management, while maintaining a cautious stance on Data Patterns amid execution concerns. Meanwhile, broader market commentary from brokerages points to easing FII selling pressure, resilient economic growth outlook and improving earnings trends for Indian corporates.
Stocks to BUY, SELL or HOLD
Here’s the list of stocks to buy, sell or hold today:
| Top Picks | Brokerage | Rating | Share Price Target |
| IIFL Finance | DAM Capital | Maintains BUY | Rs 800 (Earlier: Rs 627) |
| Nuvama Wealth Management | Bernstein | Maintains OUTPERFORM | Rs 1,800 |
| Data Patterns | Goldman Sachs | Maintains NEUTRAL | Rs 4,165 |
| ICICI Bank | Morgan Stanley | Positive View; Added to Asia ex-Japan & GEM Focus Lists | – |
| Go Digit General Insurance | HDFC Securities | Maintains ADD | Rs 300 |
| Data Patterns | HDFC Securities | Maintains ADD | Rs 3,910 |
IIFL Finance
DAM Capital | BUY | Target Price: Rs 800 (Earlier: Rs 627)
DAM Capital maintained its BUY rating on IIFL Finance and raised its target price to Rs 800 from Rs 627 earlier, implying significant upside potential from current levels.
Bernstein | OUTPERFORM | Target Price: Rs 1,800
Bernstein retained its OUTPERFORM rating on Nuvama Wealth Management following a healthy quarterly performance. The brokerage highlighted 21 per cent year-on-year revenue growth and 26 per cent profit growth, driven by strong momentum in wealth and asset services businesses.
Goldman Sachs | NEUTRAL | Target Price: Rs 4,165
Goldman Sachs maintained its NEUTRAL stance on Data Patterns. The brokerage flagged weak execution in the first half of FY27, with EBITDA margins remaining below 30 per cent for two consecutive quarters.
However, management has retained its FY27 guidance of 20-25 per cent revenue growth and 35-40 per cent margin expectations. Goldman Sachs said a sharp delivery ramp-up in the second half of the fiscal year will be required to meet those targets.
HDFC Securities | ADD | Target Price: Rs 3,910
HDFC Securities maintained its ADD rating on Data Patterns despite weak quarterly execution. Revenue declined 57 per cent year-on-year during the quarter due to a high base and slower execution.
Morgan Stanley | Positive View
Morgan Stanley added ICICI Bank to its Asia ex-Japan and GEM Focus Lists, citing an attractive valuation and a supportive rate cycle. The brokerage described the bank as a defensive play in volatile market conditions and expects it to sustain strong balance sheet growth and profitability.
Go Digit General Insurance
HDFC Securities | ADD | Target Price: Rs 300
HDFC Securities maintained its ADD rating on Go Digit General Insurance. The brokerage said the insurer reported a weak quarter under the new Ind-AS accounting framework, with profit declining 31.4 per cent year-on-year due to elevated loss ratios and flood-related claims in Gujarat.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)