Stocks to BUY, SELL or HOLD Today, November 4: Several stocks are likely to remain in focus on Wednesday as leading domestic and global brokerages release their latest recommendations and revise share price targets. State Bank of India (SBI), Bharat Electronics, Power Grid Corporation, KEC International and Petronet LNG are among the stocks drawing attention, with multiple brokerages weighing in on their outlook.
While Citi, HDFC Securities, Morgan Stanley and Nuvama maintain their ratings on several stocks, some have revised their target prices. Nuvama has upgraded Power Grid Corporation to BUY but downgraded KEC International to REDUCE. Meanwhile, Citi has reiterated its SELL rating on Bata India and Elara Capital has cut its target price on ITC.
Stocks to BUY, SELL or HOLD
| Top Picks | Brokerage | Recommendation | Target Price |
| State Bank of India | Citi | BUY (Maintained) | Rs 1,300 (Maintained) |
| State Bank of India | Morgan Stanley | EQUAL-WEIGHT (Maintained) | Rs 1,135 (Raised from Rs 1,120) |
| State Bank of India | HDFC Securities | BUY (Maintained) | Rs 1,270 |
| State Bank of India | Nuvama | BUY (Maintained) | Rs 1,225 (Cut from Rs 1,300) |
| Bharat Electronics | Citi | BUY (Maintained) | Rs 515 |
| Bharat Electronics | HDFC Securities | ADD (Maintained) | Rs 480 |
| Power Grid Corporation | Citi | BUY (Maintained) | Rs 335 (Cut from Rs 360) |
| Power Grid Corporation | Nuvama | BUY (Upgraded) | Rs 300 (Raised from Rs 283) |
| Endurance Technologies | Citi | BUY (Maintained) | Rs 3,550 |
| Bata India | Citi | SELL (Reiterated) | Rs 550 (Cut from Rs 675) |
| National Stock Exchange | Morgan Stanley | OVERWEIGHT (Maintained) | Rs 2,315 (Maintained) |
| Gujarat Fluorochemicals | Elara Capital | ACCUMULATE (Maintained) | Rs 5,000 (Maintained) |
| Bajaj Finserv | HDFC Securities | BUY (Maintained) | Rs 2,175 |
| Max Healthcare | HDFC Securities | ADD (Maintained) | Rs 1,000 |
| Petronet LNG | HDFC Securities | REDUCE (Reiterated) | Rs 288 |
| Petronet LNG | Nuvama | BUY (Maintained) | Rs 360 (Raised from Rs 337) |
| KEC International | HDFC Securities | ADD (Maintained) | Rs 422 |
| KEC International | Nuvama | REDUCE (Downgraded from HOLD) | Rs 318 (Cut from Rs 455) |
| Happiest Minds | HDFC Securities | ADD (Reiterated) | Rs 345 |
| ITC | Elara Capital | ACCUMULATE (Reiterated) | Rs 290 (Cut from Rs 320) |
| Multi Commodity Exchange | Morgan Stanley | OVERWEIGHT (Maintained) | Rs 3,835 |
| Nexus Select Trust | Morgan Stanley | OVERWEIGHT (Maintained) | Rs 180 |
| Neuland Labs | Goldman Sachs | BUY (Reiterated) | Rs 25,275 (Raised from Rs 24,675) |
| Vishal Mega Mart | Morgan Stanley | OVERWEIGHT (Maintained) | Rs 130 (Cut from Rs 146) |
| Container Corporation (CONCOR) | Nuvama | BUY (Maintained) | Rs 640 (Raised from Rs 610) |
State Bank of India Share Price Target
– Citi: Maintains BUY rating with a target price of Rs 1,300.
– Morgan Stanley: Maintains EQUAL-WEIGHT rating and raises target price to Rs 1,135 from Rs 1,120.
– HDFC Securities: Maintains BUY rating with a target price of Rs 1,270.
– Nuvama: Maintains BUY rating but cuts target price to Rs 1,225 from Rs 1,300.
Bharat Electronics Share Price Target
– Citi: Maintains BUY rating with a target price of Rs 515.
– HDFC Securities: Maintains ADD rating with a target price of Rs 480.
Power Grid Corporation Share Price Target
– Citi: Maintains BUY rating but cuts target price to Rs 335 from Rs 360.
– Nuvama: Upgrades the stock to BUY and raises target price to Rs 300 from Rs 283.
Endurance Technologies Share Price Target
– Citi: Maintains BUY rating with a target price of Rs 3,550.
Bata India Share Price Target
– Citi: Reiterates SELL rating and cuts target price to Rs 550 from Rs 675.
National Stock Exchange Share Price Target
– Morgan Stanley: Maintains OVERWEIGHT rating with a target price of Rs 2,315.
Gujarat Fluorochemicals Share Price Target
– Elara Capital: Maintains ACCUMULATE rating with a target price of Rs 5,000.
Bajaj Finserv Share Price Target
– HDFC Securities: Maintains BUY rating with a target price of Rs 2,175.
Max Healthcare Share Price Target
– HDFC Securities: Maintains ADD rating with a target price of Rs 1,000.
Petronet LNG Share Price Target
– HDFC Securities: Reiterates REDUCE rating with a target price of Rs 288.
– Nuvama: Maintains BUY rating and raises target price to Rs 360 from Rs 337.
KEC International Share Price Target
– HDFC Securities: Maintains ADD rating with a target price of Rs 422.
– Nuvama: Downgrades the stock to REDUCE from HOLD and cuts target price to Rs 318 from Rs 455.
Happiest Minds Share Price Target
– HDFC Securities: Reiterates ADD rating with a target price of Rs 345.
– Elara Capital: Reiterates ACCUMULATE rating but cuts target price to Rs 290 from Rs 320.
Multi Commodity Exchange Share Price Target
– Morgan Stanley: Maintains OVERWEIGHT rating with a target price of Rs 3,835.
Nexus Select Trust Share Price Target
– Morgan Stanley: Maintains OVERWEIGHT rating with a target price of Rs 180.
Neuland Labs Share Price Target
– Goldman Sachs: Reiterates BUY rating and raises target price to Rs 25,275 from Rs 24,675.
Vishal Mega Mart Share Price Target
– Morgan Stanley: Maintains OVERWEIGHT rating but cuts target price to Rs 130 from Rs 146.
Container Corporation (CONCOR) Share Price Target
– Nuvama: Maintains BUY rating and raises target price to Rs 640 from Rs 610.
(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.)