Brokerage Calls: Expert views on 4 largecap stocks

Brokerage Calls: Expert views on 4 largecap stocks
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com
Brokerage Calls: Expert views on 4 largecap stocks
  • 
	Tata Motors

	Brokerage: Goldman Sachs

	Rating: Buy

	Target: Rs 348

	Rationale: While the India business is a source of cyclical and structural risk, it contributes only 16% to consolidated operating profit. Correspondingly for JLR, the potential upside risk to valuation from an upgrade cycle appears relatively higher on better EBITDA margins and volume growth.

    Tata Motors Brokerage: Goldman Sachs Rating: Buy Target: Rs 348 Rationale: While the India business is a source of cyclical and structural risk, it contributes only 16% to consolidated operating profit. Correspondingly for JLR, the potential upside risk to valuation from an upgrade cycle appears relatively higher on better EBITDA margins and volume growth.

  • 
	GAIL

	Brokerage: Nomura

	Rating: Buy

	Target: Rs 565

	Rationale: For GAIL’s Agartala network, PNGRB’s provisional initial tariff is nearly Rs 6 per unit, which is 50% lower than GAIL’s demand of over Rs 11.

    GAIL Brokerage: Nomura Rating: Buy Target: Rs 565 Rationale: For GAIL’s Agartala network, PNGRB’s provisional initial tariff is nearly Rs 6 per unit, which is 50% lower than GAIL’s demand of over Rs 11.

  • 
	Reliance

	Brokerage: Macquarie

	Rating: Neutral

	Target: Rs 779

	Rationale: They feel the stock will struggle to grow earnings as its shale ramp-up, enhanced refinery efficiencies and reduced organized retail losses should just about offset the impact of an economic slowdown, coupled with a continuing fall in KG-D6 gas volumes. 

    Reliance Brokerage: Macquarie Rating: Neutral Target: Rs 779 Rationale: They feel the stock will struggle to grow earnings as its shale ramp-up, enhanced refinery efficiencies and reduced organized retail losses should just about offset the impact of an economic slowdown, coupled with a continuing fall in KG-D6 gas volumes. 

  • 
	Hero MotoCorp

	Brokerage: CLSA

	Rating: Sell

	Target: Rs 1,950

	Rationale: Given expensive valuations and rising risks to earnings due to slowing growth and rising competition. EBITDA was in-line, but net profit came in below estimates due to a higher tax rate. The management has said export margins will be subdued in the initial period.

    Hero MotoCorp Brokerage: CLSA Rating: Sell Target: Rs 1,950 Rationale: Given expensive valuations and rising risks to earnings due to slowing growth and rising competition. EBITDA was in-line, but net profit came in below estimates due to a higher tax rate. The management has said export margins will be subdued in the initial period.

  • 
	Tata Motors

	Brokerage: Goldman Sachs

	Rating: Buy

	Target: Rs 348

	Rationale: While the India business is a source of cyclical and structural risk, it contributes only 16% to consolidated operating profit. Correspondingly for JLR, the potential upside risk to valuation from an upgrade cycle appears relatively higher on better EBITDA margins and volume growth.
  • 
	GAIL

	Brokerage: Nomura

	Rating: Buy

	Target: Rs 565

	Rationale: For GAIL’s Agartala network, PNGRB’s provisional initial tariff is nearly Rs 6 per unit, which is 50% lower than GAIL’s demand of over Rs 11.
  • 
	Reliance

	Brokerage: Macquarie

	Rating: Neutral

	Target: Rs 779

	Rationale: They feel the stock will struggle to grow earnings as its shale ramp-up, enhanced refinery efficiencies and reduced organized retail losses should just about offset the impact of an economic slowdown, coupled with a continuing fall in KG-D6 gas volumes. 
  • 
	Hero MotoCorp

	Brokerage: CLSA

	Rating: Sell

	Target: Rs 1,950

	Rationale: Given expensive valuations and rising risks to earnings due to slowing growth and rising competition. EBITDA was in-line, but net profit came in below estimates due to a higher tax rate. The management has said export margins will be subdued in the initial period.

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login