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Buy, Sell, Hold: 4 stocks and 1 event are on analysts’ radar today

Infosys and ONGC, among others, are being tracked by investors on Wednesday.

Infosys

Brokerage: CLSA | Rating: Buy | Target: Rs 1,070


CLSA said that several investors believe impact of Nandan Nilekani’s return could be limited. Further, the company could have an in-line performance for a couple of quarters, which can be a strong near term catalyst. TODAY FREE TRAILS TIPS

Maruti Suzuki

Brokerage: CLSA | Rating: Buy | Target: Rs 9,230


The global research firm highlighted that Kia was gearing up for an India launch, but it does not see the company as a big threat for Maruti. It also said that Maruti successfully defended its turf by enhancing competitive advantages. In fact, the company is now much better placed to maintain its dominance in the Indian market.

ONGC & OIL

Brokerage: Jefferies | Rating: Assume coverage with buy


The brokerage house has assumed coverage on ONGC and Oil India with a buy rating. It expects 14 percent EPS CAGR for ONGC owing to uptick in Brent prices. Further, it added that HPCL acquisition could be an overhang, but a dilution to fair value to be modest. It has set target price for ONGC and Oil India at Rs 200 and Rs 465, respectively.

India Strategy

Brokerage: CLSA


The global research firm said that overall August GST collection is down 1.7% MoM To Rs 90,700 Cr Vs Rs 92,300 crore In July. But the company said that collections were in line with 5-year trend where indirect taxes were 3-6 percent lower in August. It also said that shortfall calculations for August collections exclude compensation cess. It believes a bigger unknown is the impact of GST on credit mechanisms on collections.
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