Houseviews: Brokerages call on Tata Motors, Idea

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Houseviews: Brokerages call on Tata Motors, Idea

Macquarie reiterates its outperform rating on Tata Motors but has cut its target to Rs 1,250 from Rs 1,465. They have cut their FY13 estimates of JLR volumes by 9% due to the expectations of slower economic growth in the US, UK and rest of Europe.

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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 Tata Motors BSE | NSE 30/05/12 Are Mutual Funds betting on Tata Motors? Other Stocks in this news Idea Cellular | Jubilant Foodworks | Puravankara Projects |

Macquarie reiterates its outperform rating on Tata Motors , but has cut its target to Rs 1,250 from Rs 1,465. They have cut their FY13 estimates of JLR volumes by 9% due to the expectations of slower economic growth in the US, UK and rest of Europe.

UBS reiterates a buy on Idea and has raised its target to Rs 125 . The revenue per minute has the scope to improve by 9% over the next 12 months. Idea also has the highest leverage to mobile tariffs being a pure play operator.

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Nomura recommends buying Jubilant Foodworks with a target of Rs 1,100. Earnings were significantly ahead of street estimates. Same store sales grew by 37% versus expectations of 22%.

Nomura recommends buying Puravankara with a target of Rs 168. The company continued to see sequential improvement in sales volume and better realization at its mid- to high-end projects, that should improve cash flow visibility in FY12 and FY13.