Standard chartered is 'overweight' on Gail with a target of Rs 508. They have raised their earnings estimates as they have factored in lower subsidy sharing and resilient petchem earnings which will offset the cut in gas transmission volume.
RBS recommends buying Cipla with a target of Rs 365. Cipla's management is confident about the commercialisation of inhalers in the European Union in the next 2 years, which is a key positive.
JP Morgan maintains an 'overweight' stance on Pantaloon , but expects the stock to react negatively to earnings, given concerns about slowing consumer demand and higher debt and inventory levels. JP Morgan believes the weak volume trend could persist in the near term.
Citi recommends buying Dish TV with a target of Rs 84. They expect the turnaround in the company to continue. Dish looks relatively better placed within the Indian media universe given company specific concerns on other large plays like Zee and Sun TV .
