Houseviews: 4 stocks brokerages have their eyes on
Adani PowerBrokerage: Citi
Rating: Sell
Target: Rs 36
Rationale: Consistent losses indicate that the business model is unsustainable without a mix of tariff hikes and higher coal supply.
JSW Steel
Brokerage: UBS
Rating: Buy
Target: RS 1000
Rationale: While operating profits disappointed, pricing may improve on higher import-parity prices and better demand.
Brokerage: UBS
Rating: Buy
Target: RS 1000
Rationale: While operating profits disappointed, pricing may improve on higher import-parity prices and better demand.
ING Vysya Bank
Brokerage: Barclays
Rating: overweight
Target: Rs 615
Rationale: Net interest income was driven by faster advances growth and improved margins. The strong performance and improved outlook justify a re-rating.
Brokerage: Barclays
Rating: overweight
Target: Rs 615
Rationale: Net interest income was driven by faster advances growth and improved margins. The strong performance and improved outlook justify a re-rating.
Amara Raja Batteries
Brokerage: Nomura
Rating: Buy
Target: Rs 299
Rationale: Profits were 16 per cent ahead of estimates on the back of better than expected operating margins. Increase in capex plans also highlights strong conviction in volume growth.
Brokerage: Nomura
Rating: Buy
Target: Rs 299
Rationale: Profits were 16 per cent ahead of estimates on the back of better than expected operating margins. Increase in capex plans also highlights strong conviction in volume growth.
Source: CNBC-TV18
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