HCL Tech Brokerage: Credit Suisse Rating: Outperform Target: Rs 580 Rationale: They expect the company to report 3% sequential revenue growth in constant currency and EBIT margins to improve slightly.
MCX Brokerage: Morgan Stanley Rating: Equalweight Target: Rs 1,300 Rationale: While volume growth at exchanges tends to be lumpy and can come back with a rise in commodity prices and volatility, there are downside risks to forecasts if current volume trends persist.
Crompton Greaves Brokerage: RBS Rating: Hold Target: Rs 115 Rationale: Restructuring of its Belgium operations could entail an estimated cost of 25-35 million euro. Power T&D has become a difficult business; more issues could emerge before things get better.
M&M Brokerage: UBS Rating: Neutral Target: Rs 770 Rationale: Recent checks with dealers support UBS' negative outlook. The slowdown in government spending, likelihood of weak monsoon and a high base are likely to result in tractor industry de-growth in FY13.