Houseviews: 5 stocks hogging limelight for various reasons

2408 Investors following HT Media. Share this News with them.

0

Like this story, share it with millions of investors on M3

Houseviews: 5 stocks hogging limelight for various reasons

CLSA has maintained its 'OUTPERFORM' rating on HT Media with a target of Rs 183.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets

CLSA has maintained its "OUTPERFORM" rating on HT Media with a target of Rs 183. It has upgraded the company's FY12 earnings by 4% led by a positive surprise in Q1 and encouraging trends from the latest readership survey. CLSA projects an average 14% advertising and 19% earnings growth for FY12-13 despite the challenge of high newsprint prices.

Kotak has retained its "SELL" on Castrol with a target of Rs 420.  The broking firm has been baffled by the recent spurt in Castrol's stock price post the announcement of cut in customs duty on base oils. It does not agree with the view adopted by a section of the Street that the stock should command a multiple in-line with FMCG companies because of a glaring difference in the earnings profile between the two.

Morgan Stanley has downgraded Marico from equal-weight to "UNDERWEIGHT" with a target of Rs 134. It believes that the product life cycle for Indian hair oil is peaking and it making organic growth more challenging. MS feels that the stock price implies an overly optimistic 55% gross margin for coconut oil products.

JPMorgan has retained its "OVERWEIGHT" stance on Persistent Systems , however, it has cut the target to Rs 430 from Rs 500. The company declared its first quarter results, which were below expectations. JPMorgan remained cautious despite management confidence that they will be able to retain margins and PAT in FY12 as in FY11.

Morgan Stanley maintained its "OVERWEIGHT" stance on Cox & Kings with a target of Rs 327. V Hotels, a Cox & Kings promoter group company, has won the arbitration proceedings for the Juhu Centaur property. If V Hotels eventually wins, then, post existing liabilities and taxes, the net accretion to V Hotels would be Rs 1200 crore.