Moneycontrol
Aug 11, 2017 11:03 AM IST | Source: CNBC-TV18

Buy, Sell, Hold: 7 stocks that are on the radar of investors today

Adani Trans, Motherson sumi and Bharat Forge, among others, were

 
 
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Adani Trans

Brokerage: CLSA | Rating: Sell | Target: Rs 95

The brokerage house said that the weak June quarter was due to tariff under-recovery. Further, it said that a delay in key tariff orders led to the company missing Q1 estimates by 1 percent. The stock offers no more value at 3.8 times FY18 with business earning 18.6 percent return on equity.

Motherson Sumi

Brokerage: CLSA | Rating: Buy | Target: Rs 380

CLSA observed that the company’s EBITDA grew on strong growth and incremental contribution from PKC acquisition. Further, it said that the company’s operational outlook remains strong, given improving PV industry growth.

Bharat Forge

Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 1,435

CLSA said that the company posted double-digit growth in net profit after a gap of seven quarters. It also said that strong growth for most segments was led by a cyclical recovery in exports. The recent rupee appreciation will be a headwind for its margin.

BHEL

Brokerage: CLSA | Rating: Sell | Target: Lowered to Rs 125

CLSA said that the order inflow was weak as India clamped down on thermal ordering. Further, it said that the company may find it difficult to bag orders as the market stagnates. It also sees limited upside for the company given the hostile environment for thermal power plants.

Adani Power

Brokerage: CLSA | Rating: Sell

CLSA said that the Q1 Generation fell on weak merchant markets & unsustainable business model. Imported coal pain and M&A stress ahead is seen by the brokerage firm.

Petronet LNG

Brokerage: Credit Suisse | Rating: Outperform | Target: Rs 250

The brokerage house cut Dahej volumes for the current fiscal by 7 percent. The guidance for tax rates has increased from 28-30 percent to over 30 percent.

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 274

Motilal Oswal is assuming FY18/19 total volumes at 16.3/19 MMT. It is also seeing terminal growth of 3% beyond FY22.

Kajaria

Brokerage: IDFC Sec | Rating: Outperform | Target: Rs 746

The brokerage house expects volumes to come back strongly from the second half of FY18. Further, it expects the tile industry growth to revive.
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