The volatile market that has been trading range-bound over the past week, is expected to continue its momentum this week too. In such a scenario, going short might be the rescue. Check out what brokerages have for you today.
Macquarie has a 'Neutral' rating on Cairn India . They have cut the target from Rs 300 to Rs 297. Macquarie has lowered its near-term brent crude forecasts by 3%. As the only pure oil-leveraged stock in India, Cairn India is likely to be significantly affected.
UBS reiterates a 'Sell' on HUL . However, it has raised its price target from Rs 250 to Rs 275. They recommend a sell on the stock as they believe competitive intensity will continue and with reduced advertising spends it could lose incremental sales.
Bank of America- Merrill Lynch recommends buying Suzlon with a target of Rs 75. The company has won a Rs 6.5 billion order from Orient Green Power for the supply of 101 mega watt wind turbines. This improves sales visibility by 2% of FY12 domestic sales and 4% for FY13.
Macquarie maintains an 'Outperform' stance on Gujarat NRE Coke with a target of Rs 95. Strong first quarter earnings beat expectations by 78%. The company has already achieved almost 50% of Macquaries's full-year stand-alone estimate in the first quarter itself.
JP Morgan is 'Oveweight' on Shriram Transport Finance with a target of Rs 820. The company commands a strong competitive positioning in the pre-owned commercial vehicle financing space, giving it higher profitability along with its solid balance sheet.
BNP Paribas Securities recommends buying IRB Infra with a target of Rs 250. Execution capabilities and access to financing are key differentiators that make this a top buy in the sector.
