Shares of Mahindra & Mahindra (M&M), Shriram Finance, Reliance Industries, Maruti Suzuki, and RBL Bank are in focus today as several brokerages have released their latest ratings and target price revisions. Here’s a summary of brokerage views:
Mahindra & Mahindra (M&M) share
| Brokerage | Rating | Target Price (Rs) |
|---|---|---|
| Morgan Stanley | Overweight | 3,675 |
| Citi | Buy | 3,680 |
Shriram Finance share
| Brokerage | Rating | Target Price (Rs) |
|---|---|---|
| Goldman Sachs | Buy | 816 |
| Jefferies | Buy | 775 |
| CLSA | Outperform | 735 |
| Citi | Outperform | 750 |
| HSBC | Buy (cut target) | 740 |
| Macquarie | Buy (cut target) | 740 |
| Nomura | Buy | 700 |
| Morgan Stanley | Buy | 750 |
Reliance Industries share
| Brokerage | Rating | Target Price (Rs) |
|---|---|---|
| CLSA | Outperform | 1,650 |
| Nuvama | Buy (raised) | 1,708 (from 1,673) |
| Macquarie | Outperform | 1,500 |
| JP Morgan | Overweight (raised) | 1,530 (from 1,520) |
| Jefferies | Buy | 1,660 |
| Nomura | Buy | 1,600 |
| Morgan Stanley | Overweight | 1,606 |
Maruti Suzuki share
| Brokerage | Rating | Target Price (Rs) |
|---|---|---|
| Jefferies | Buy (cut target) | 13,600 |
| Bernstein | Outperform (cut target) | 13,500 |
| Citi | Outperform (cut target) | 13,900 |
| CLSA | Accumulate | 13,449 |
| Goldman Sachs | Neutral (cut target) | 12,000 |
RBL Bank share
| Brokerage | Rating | Target Price (Rs) |
|---|---|---|
| Citi | Buy | 230 |
| BofA Securities | Underperform | 175 |
| JP Morgan | Underweight | 140 |
Other notable brokerage actions:
-
Apollo Tyres: Morgan Stanley maintained ‘Equal-weight’ with a target price of Rs 503.
-
IndusInd Bank: Morgan Stanley maintained ‘Equal-weight’ with a target price of Rs 755.
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Siemens: BofA maintained ‘Underperform’ with a target price of Rs 2,450.
-
IGL: CLSA maintained ‘Outperform’ with a target price of Rs 220.
-
IDFC First Bank: JP Morgan maintained ‘Underweight’ (Rs 50); Morgan Stanley maintained ‘Equal-weight’ (Rs 65).
-
Tata Technologies: JP Morgan maintained ‘Underweight’ (Rs 630); Goldman Sachs maintained ‘Sell’ (Rs 550).
-
L&T Finance Holdings: Morgan Stanley maintained ‘Underweight’, cutting target to Rs 140.
Overall, brokerages remain bullish on M&M, Shriram Finance, and Reliance Industries, while taking a cautious stance on Maruti Suzuki and RBL Bank.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.
