Multiple global and domestic brokerage firms have issued fresh stock calls for Wednesday, November 21, highlighting bullish views on key largecaps across real estate, IT, autos and aviation.
Morgan Stanley has maintained an Overweight stance on several companies, including Phoenix Mills with a target price of Rs 1,900 per share, TCS at Rs 3,430, and Mahindra & Mahindra at Rs 4,407, signalling continued optimism in consumption and technology-linked names. The brokerage also reiterated Overweight ratings on Hyundai, Maruti Suzuki, Indigo, and Apollo Hospitals, citing strong sectoral momentum and healthy earnings visibility.
Citi remains positive on the automotive pack, maintaining Buy ratings on M&M (TP Rs 4,230) and L&T (TP Rs 4,500). The global brokerage noted that festive demand trends remain strong, even as OEMs guide for mid-single-digit growth in the second half of the year. Export recovery remains a key driver for the sector.
Jefferies, meanwhile, has maintained Buy on Lodha Developers with a target price of Rs 1,625, supported by resilient pre-sales and expanding project pipelines. However, the brokerage kept an Underperform view on Tech Mahindra with a target of Rs 1,270, citing ongoing margin challenges.
Nuvama remains positive on Vedanta, maintaining a Buy rating with a target price of Rs 686 per share, supported by improving cash flows and supportive commodity trends.
On the neutral side, Morgan Stanley has kept M&M Financial Services at Equal Weight (TP Rs 300) and Urban Company at Underweight (TP Rs 119). Kotak Institutional Equities also retained a Neutral call on TCS with a target price of Rs 3,300.
Overall, brokerage sentiment for November 21 skews positive, with autos, real estate, and select IT names finding a place among the top “stocks to buy” lists for the day.
