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Stocks To BUY, SELL, HOLD: 6 Stocks & 2 sectors are on investor’s views
Aegis Logistics
Brokerage: Motilal
Oswal | Rating: Initiate Coverage with buy | Target: Rs 303
The brokerage house sees LPG throughput CAGR of 51 percent
over FY17-20. Meanwhile, gas division EBITDA is expected to grow at 41 percent
CAGR over FY17-20. For the firm, it expects liquids throughput CAGR Of 16
percent Over FY17-20. Meanwhile, EBITDA/EPS is expected to grow at 42
percent/51 percent CAGR over FY17-20.
Tata Motors
Brokerage: Credit
Suisse | Rating: Outperform
Credit Suisse said that JLR Had Another Weak Month With
Volumes Declining 3 percent YoY. Except For XF (In China), All Other Models Had
Double-digit Declines. It observed that Chinese volumes were softer as it had
few working days. Having said that, it highlighted that the domestic business has
been doing very well.
Brokerage: Nomura |
Rating: Buy | Target: Rs 526
Nomura said that JLR global retail sales in February at
39,911 units versus estimate of 42,000 units. It sees downside risk to JLR
wholesale growth target of 6.7 percent in FY18. Further, FY19 Growth Target is
seen at 12 percent. It believes that the stock’s valuations are attractive.
NMDC
Brokerage: Macquarie
| Rating: Upgrade to outperform
Macquarie expects volumes to witness 7 percent YoY growth in
FY19 after stagnant FY18. Further, rise in volumes will be led by higher demand
and restart of damaged railway line. Approval for a higher production quota in
Karnataka provides upside risk. However, it said that there is a forecast for a
lower correction in the realisations, but a downward trajectory has been
maintained.
ICICI Bank
Brokerage: Macquarie
| Rating: Outperform | Target: Rs 425
The brokerage house quoted the management view that large
part of the stress is recognised, but there will be some more going forward. It
said that haircuts will be lower in steel cos which are backed by operating
assets.
NTPC
Brokerage: Nomura |
Rating: Buy | Target: Rs 200
Nomura expects a sharp rise in commercial generation
capacity. Further, it sees return on equity improving to 12 percent in FY19
from 10 percent in FY17.
Maruti
Brokerage: Morgan
Stanley | Rating: Overweight | Target: Rs 10,563
The brokerage house said that February production data
implies that the company can delivery 19.5 lakh units in FY19. It sees upside
risk to the forecast as well.
Metals
Brokerage: CLSA
The global research firm believes that mine auctions will gather
pace going ahead. JSW Steel & Vedanta Could Be Key Beneficiaries Of Better
Resource Integration. Further, auctions in iron ore and bauxite could pick up
pace too.
Cons Staples &
Discretionary
Brokerage: Nomura
Nomura observed that consumer discretionary names are
starting to see cons discretionary names starting to witness initial signs of a
demand Rebound. Further, government schemes such as PMAY, Electrification,
roads, changing lifestyles are driving growth. It prefers discretionary names
over staples.
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