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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.


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.


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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Nifty could slip towards 9,900; 3 stocks which could give up to 11% return

A close beyond 10,400 levels with healthy volumes can pause the current bearishness triggering a short covering to levels of 10,640-10,730.

The Nifty index Futures continued to slide lower for the second month in a row making it 10 percent decline from the record highs. Further, it has broken down from a broadening wedge pattern along with a close below the 200-DMA, affirming weakness dominant in the markets at the moment.

A sustained trade below 10,050 can accelerate the fall to levels of 9,930-9,700. However, a close beyond 10,400 levels with healthy volumes can pause the current bearishness triggering a short covering to levels of 10,640-10,730.

Moreover, the relative strength index or the RSI has turned down from the neutral levels of 50 on two occasions in recent pullbacks suggesting further weakness in the coming trading sessions.

Here is the list of stocks which can give up to 11 percent return:

Arvind Ltd: SELL| Target Rs345| Stop Loss Rs410| Return 11%

On the weekly chart, Arv…

Market Update: PSU bank index outperforms as PNB, Syndicate Bank jump 2-5%; JP Associates zooms 11%

The market breadth was in favour of the advances with 957 stocks advancing while 668 declined and 383 remained unchanged. On the other hand, in the BSE, 1176 stocks advanced and 888 declined and 108 remained unchanged.

The Indian markets on Friday morning were trading flat with the Nifty shedding 51 points or 0.49 percent  while the Sensex was down 178 points.

The Nifty PSU banking index was up 0.6 percent led by stocks like Syndicate Bank which jumped 5 percent followed by Allahabad Bank which gained over 3 percent. IDBI Bank and OBC were the other gainers. PNB gained 2.38 percent.

The top Nifty gainers included Mahindra & Mahindra and Aurobindo Pharma which were up 1.7 percent each followed by UPL, Yes Bank and Zee Entertainment.

The top Nifty losers included IOC and BPCL which fell 2 percent each followed by HPCL, Tata Motors and NTPC.

The most active Nifty stocks included IDBI bank which jumped over 3 percent while JP Associates zoomed over 10 percent after Rakesh Jhunjhunwala…

HDFC Sec retains sell on Bharti Infratel, reduces target to Rs 310 despite 22% fall in last 2 months

The share price has declined from a peak of Rs 480 to Rs 373 (22 percent) in last two months.

Bharti Infratel shares declined 1.5 percent to close at Rs 368 on Tuesday after HDFC Securities has reiterated its Sell rating on the stock with revised target price at Rs 310 (from Rs 387 per share) despite sharp fall in last two months. INDIAN STOCK TIPS

The share price has declined from a peak of Rs 480 to Rs 373 (22 percent) in last two months.

"Target price is based on 20x Dec-19E EPS (Rs 356) for business as usual (versus 24x earlier) less impact of Rs 60 per share from Vodafone-Idea merger (versus Rs 39 per share earlier) and likely acquisition of Vodafone-Idea stake in Indus at enterprise value of Rs 50 lakh per tower (+Rs 15 per share)," the research house said.

It further said the key reason for the de-rating is instant loss of tenancies on merger of Vodafone-Idea and impact of Reliance Communications and Aircel businesses’ scaling down.

This would push back Bharti Infrat…