Stock Market HIGHLIGHTS: Sensex, Nifty end in red for 3rd consecutive day as Reliance, Infosys trigger downfall

Stocks to Buy or Sell: What top brokerages say 

— Morgan Stanley on Apollo Tyres (CMP: 278) 

Maintain Overweight, Target 329 

European business continues to gain share 

Growth in india has mainly been led by pricing as volumes are flat 

Co aims to remain as the pricing leader 

Stable pricing & declining commodity costs likely to provide margin tailwinds in Q3FY23 

From current 7% levels, Mgmt targets 12-15% ROCE 

— Goldman Sachs on Sun Pharma (CMP: 1013) 

Maintain Sell, Target 830 

Expect growth momentum to continue 

Specialty Rev led by market share gains & New product ramp up to aid growth 

New Pdt Launches in India Biz & Improvement in Mr productivity to aid growth 

Co expects R&D Costs to inch higher as patient enrolments for its clinical trials pick up 

—  Nomura on Exide Industries (CMP: 187) 

Maintain Buy, Target Raised to 221 from 216  

2Q results in line  

Steady growth to continue; plans to invest INR60bn in Liion plant 

raise FY23F revenue est. by 10% to factor in higher 1HFY23 runrate 

Valuations attractive at 15.1x FY25F core EPS 

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)