Real-time Stock quotes, portfolio, LIVE TV and more.
Jul 18, 2011, 10.30 AM IST
In such a highly volatile market scenario, brokerages tell you how to make a quick buck
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.
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.
Tags: Cairn India, volatile market, brent crude, advertising spends, wind turbines, Shriram Transport Finance, commercial vehicle financing
Action in Cairn India
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals