Most brokerages are upbeat on Larsen & Toubro, Bharat Petroleum, GAIL and Exide Industries following the earnings bulletins by the businesses. They’re divided on Tech Mahindra and Punjab Nationwide Financial institution (PNB).

This is what brokerages JPMorgan, Morgan Stanley, CLSA and CITI advocate on a few of the key shares right this moment:

CLSA, Goldman Sachs, Jefferies, Citi and Nomura every maintained a ‘purchase’ score on the L&T inventory, a day after the development main reported a blended set of outcomes. JPMorgan and Credit score Suisse retained ‘chubby’ and ‘outperform’ scores respectively.

The corporate’s robust order circulation was pushed by home demand, in accordance with analysts.

A day after the IT main reported a set of monetary outcomes that met analysts’ expectations, brokerages are divided on Tech Mahindra.

JPMorgan, Citi and Macquarie every maintained a ‘impartial’ score, and HSBC and Jefferies every retained a  ‘maintain’. 

BPCL

CLSA and Jefferies every held a ‘purchase’ score on BPCL shares with goal costs of Rs 405 and Rs 445 respectively, a day after the state-run oil advertising firm reported a quarterly revenue after two back-to-back quarters of losses.

In accordance with Citi, GAIL’s quarterly numbers had been disappointing throughout segments. The brokerage, nonetheless, added that the earnings have probably bottomed out, because it upgraded GAIL to ‘purchase’ from ‘impartial’ with a goal worth of Rs 110.

Jefferies maintained a ‘maintain’ on GAIL with a goal worth of Rs 90 apiece, highlighting the corporate’s challenged near-term earnings outlook.

Punjab Nationwide Financial institution (PNB)

Brokerages are largely bullish on PNB after the state-run lender reported its monetary outcomes for the quarter ended December 2022. 

Exide Industries