Stocks to BUY, SELL or HOLD Today: Shares of Wipro, Tech Mahindra, Persistent Systems, HDFC Life Insurance, HDFC AMC and Karur Vysya Bank are in focus as brokerages issue ratings and revise share price targets. Nuvama, HDFC Securities, Morgan Stanley and PL Capital have released their recommendations on stocks across the information technology, banking, financial services and other sectors.
Morgan Stanley has upgraded Tech Mahindra to EQUAL-WEIGHT from UNDERWEIGHT and raised its target price, while Nuvama has revised its targets for several stocks, including Tech Mahindra, Persistent Systems, Karur Vysya Bank, HDFC Life Insurance and HDFC AMC.
Stocks to BUY, SELL or HOLD
| Top Picks | Brokerage Name | Recommendation | Target Price |
| HFCL | Nuvama | BUY | Rs 380 (56% upside) |
| Laurus Labs | Nuvama | BUY | Rs 2,520 (24% upside) |
| Wipro | PL Capital | HOLD | Rs 166 |
| Wipro | HDFC Securities | ADD | Rs 190 |
| Wipro | Morgan Stanley | UNDERWEIGHT | Rs 147 |
| Tech Mahindra | Nuvama | BUY (maintained) | Rs 1,950 (up from Rs 1,900) |
| Tech Mahindra | HDFC Securities | ADD | Rs 1,800 |
| Tech Mahindra | Morgan Stanley | EQUAL-WEIGHT (upgraded from UNDERWEIGHT) | Rs 1,780 (up from Rs 1,480) |
| Persistent Systems | Nuvama | HOLD (maintained) | Rs 5,450 (down from Rs 5,500) |
| Persistent Systems | HDFC Securities | ADD (reiterated) | Rs 6,175 |
| Tata Communications | Nuvama | BUY (maintained) | Rs 2,300 |
| Karur Vysya Bank | Nuvama | BUY (maintained) | Rs 400 (up from Rs 360) |
| Karur Vysya Bank | HDFC Securities | ADD | Rs 385 |
| HDFC Life Insurance | Nuvama | BUY (maintained) | Rs 690 (down from Rs 790) |
| HDFC Life Insurance | Morgan Stanley | OVERWEIGHT (maintained) | Rs 745 (up from Rs 730) |
| HDFC AMC | Nuvama | BUY (maintained) | Rs 2,960 (down from Rs 3,180) |
| HDFC AMC | Morgan Stanley | OVERWEIGHT (maintained) | Rs 2,805 (down from Rs 2,895) |
| Indian Bank | HDFC Securities | BUY (maintained) | Rs 1,010 |
| Orient Electric | HDFC Securities | BUY (maintained) | Rs 275 |
| Aditya Birla Capital | Morgan Stanley | OVERWEIGHT (maintained) | Rs 495 |
| L&T Finance | Morgan Stanley | UNDERWEIGHT (maintained) | Rs 210 |
| Yes Bank | Morgan Stanley | UNDERWEIGHT (maintained) | Rs 17 |
Nuvama Institutional Equities has maintained a BUY rating on HFCL with a share price target of Rs 380, implying an upside potential of 56 per cent.
Laurus Labs Share Price Target
- PL Capital has maintained a HOLD rating on Wipro with a share price target of Rs 166.
- HDFC Securities has maintained an ADD rating with a target price of Rs 190.
- Morgan Stanley has retained its UNDERWEIGHT rating with a target price of Rs 147.
Tech Mahindra Share Price Target
- Nuvama has maintained a BUY rating on Tech Mahindra and raised its share price target to Rs 1,950 from Rs 1,900.
- HDFC Securities has maintained an ADD rating with a target price of Rs 1,800.
- Morgan Stanley has upgraded the stock to EQUAL-WEIGHT from UNDERWEIGHT and raised its target price to Rs 1,780 from Rs 1,480.
Persistent Systems Share Price Target
- Nuvama has maintained a HOLD rating on Persistent Systems and reduced its share price target to Rs 5,450 from Rs 5,500.
- HDFC Securities has reiterated its ADD rating with a target price of Rs 6,175.
Tata Communications Share Price Target
Nuvama has maintained a BUY rating on Tata Communications with a share price target of Rs 2,300.
Karur Vysya Bank Share Price Target
- Nuvama has maintained a BUY rating on Karur Vysya Bank and raised its share price target to Rs 400 from Rs 360.
- HDFC Securities has maintained an ADD rating with a target price of Rs 385.
HDFC Life Insurance Share Price Target
- Nuvama has maintained a BUY rating on HDFC Life Insurance but cut its share price target to Rs 690 from Rs 790.
- Morgan Stanley has maintained an OVERWEIGHT rating and raised its target price to Rs 745 from Rs 730.
HDFC AMC Share Price Target
- Nuvama has maintained a BUY rating on HDFC AMC but reduced its share price target to Rs 2,960 from Rs 3,180.
- Morgan Stanley has maintained an OVERWEIGHT rating and cut its target price to Rs 2,805 from Rs 2,895.
Indian Bank Share Price Target
HDFC Securities has maintained a BUY rating on Indian Bank with a share price target of Rs 1,010.
Orient Electric Share Price Target
HDFC Securities has maintained a BUY rating on Orient Electric with a share price target of Rs 275.
Aditya Birla Capital Share Price Target
Morgan Stanley has maintained an OVERWEIGHT rating on Aditya Birla Capital with a share price target of Rs 495.
L&T Finance Share Price Target
Morgan Stanley has maintained an UNDERWEIGHT rating on L&T Finance with a share price target of Rs 210.
Yes Bank Share Price Target
Morgan Stanley has maintained an UNDERWEIGHT rating on Yes Bank with a share price target of Rs 17.
(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.)