Buy, Sell, Hold: 4 stocks and 2 sectors are on analysts’ radar today

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ITC

Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 350

The global financial services firm said that the health ministry’s proposal to ban non-tobacco products on tobacco kiosks is neutral for cigarette companies. However, it is a negative for biscuit, confectionary and snacking companies.

Shriram Transport

Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 1,270

Deutsche Bank observed that for the company’s shareholders, IDFC-Shriram deal re-haul should be seen positively. In fact, if the merger materialises, the swap ratio will build in higher premium to the company’s current market price. Further, the shareholders
will continue to gain from organic growth as the company may be independent. It also believes that the firm is strong and focused with 16-17 percent sustainable RoE profile.

Wipro

Brokerage: CLSA | Rating: Outperform

CLSA said that Wipro was optimistic about demand in BFS than peers and it sees better momentum in energy. Further, it believes that the company is not clear on how it expects to catch up with growth rates.

Ipca Labs

Brokerage: CLSA | Rating: Sell | Target: Raised to Rs 430

The brokerage house cut FY18-19 EPS by 15-30% and is factoring in challenging FY18 & weak Q1FY18. Its current valuations adequately capture a recovery in earnings.

Infra

Brokerage: Jefferies

The research firm expects a strong quarter of execution from road-focussed companies on healthy order books. In fact, 2-81% growth in order books provides revenue visibility for next 2+ years. It expects traffic growth to be weak in Q2 like the last three quarters.

Consumer Staples

Brokerage: Deutsche Bank

The global research firm likes HUL, ITC, Nestle, Dabur and Jubilant Food in this space. Further, it believes Titan’s stock could take a breather in the short term.

It is also concerned about the lack of visible upside triggers for consumption and expects volatility as the sector is entering a phase of like-for-like results for five quarters.