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Buy, Sell, Hold: Here are 8 stocks that analysts are tracking today

Glenmark, L&T and HDFC Bank, among others, are on the radar of investors on Friday.


Brokerage: Citi | Rating: Buy | Target: Raised to Rs 1,452

The global financial services firm said that the company is it stop industrial pick with a huge upside potential. In fact, defence prospects, it said, could fructify in 12-15 months.


Brokerage: Credit Suisse | Rating: Neutral | Target: Cut to Rs 650

The global research firm said that the guidance and further debt are the near term overhangs for the stock. Further, it cut FY18/19 earnings per share (EPS) estimates by 4/5 percent.

Motherson Sumi

Brokerage: IIFL | Rating: Buy | Target: Rs 350

IIFL said that execution of Daimer order may help revenue grow in FY19. Additionally, it sees EPS growing at CAGR of 24% over FY17-20.

Vedanta & Hindalco

Brokerage: JPMorgan

JPMorgan is overweight on both the stocks and raised target for Vedanta to Rs 350. In case of Hindalco, the target was increased to Rs 270.


Brokerage: Edelweiss | Rating: Buy | Target: Raised to Rs 150

Edelweiss expects EPS to grow at CAGR of 49% over FY17-19. It also raised FY19 EV/EBITDAR to 8.5x from 8x.

Eicher Motors

Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 39,300

CLSA expects robust 29% EPS CAGR over next 3 years. Further, it said that a continued growth in the order inflow now provides confidence on volumes of Royal Enfield.


Brokerage: CLSA | Rating: Buy | Target: Increased to Rs 2,150

The global research firm said that the bank is leveraging its strength on CASA/capital/asset quality/size to gain market share. It also sees an earnings CAGR of 20 percent in FY17-20.

The firm also highlighted the fact that Aditya Puri is set to retire on October 20 and that smooth transition is key for the bank. Further, two key challenges could be to maintain the credit quality and the transition mentioned above.


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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%

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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…