Moneycontrol
Aug 10, 2017 08:31 AM IST | Source: CNBC-TV18

Buy, Sell, Hold: 5 stocks that are being tracked by analysts today

Aurobindo, Eicher Motors and Bank of India, among others, are on the radar of investors on Thursday.

Buy, Sell, Hold: 5 stocks that are being tracked by analysts today

Aurobindo

Brokerage: JPMorgan

The research firm observed that the June quarter was ahead of its estimates, but slightly below Street expectations. A 7 percent QoQ Growth in US business is positive, given the muted trend in base business. Further, an improvement in the business and higher margin may reverse declining trend in the stock.

Bank of India

Brokerage: Kotak Sec | Rating: Add | Target: Rs 170

Kotak Securities said that sharp compression seen in net interest margin in Q1. Further, a better coverage ratio is aiding the bank, resulting in NPLs falling for fifth quarter. It also said that the company is essentially looking for a convergence between book value & adjusted book.

Mahanagar Gas

Brokerage: Kotak Sec | Rating: Sell | Target: Rs 785

The brokerage house said that the company’s June quarter results were above expectations as the company retained benefits of lower input price. Further, it remained cautious on the sustainability of high margins & returns of CGD business.

Eicher Motors

Brokerage: Axis Cap | Rating: Downgrade to Hold | Target: Rs 31,496

The brokerage said that the story of strong volume growth & margin expansion remains intact. Further, the order book being 1.5 months while capacity expansion is worrying and expects waiting period to be higher given that capacity has been stagnant. The brokerage continues to believe co is a quality franchise with growth story still intact.

Tata Motors

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 542

Motilal Oswal downgraded consolidated EPS By 27%/7% factoring in cost pressures in JLR & stronger rupee. Lower EV/EBITDA multiple for JLR To 3x to factor in high volatility in performance.
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