Buy, Sell or Hold: Citi maintains sell on Jindal Steel; Bernstein maintains outperform on Bajaj Auto

Brokerage calls show a mixed picture for investors. Citi remains cautious on Jindal Steel and Power, citing weaker profitability and pressure on realizations, while Bernstein turns bullish on Bajaj Auto, backed by premiumisation, improving margins, and export recovery. Citi sees continued auto volume momentum in January but expects limited Budget impact on overall consumption, maintaining Maruti Suzuki, M&M, and Hyundai as top picks.