Infosys Brokerage: Citi Rating: Buy Target: Rs 2750 Rationale: Post the correction, the stock is now trading at a 20-25% discount to TCS and Cognizant. Any early signs of pickup will be adequately rewarded, given extreme pessimism on the company.
Sterlite Brokerage: Macquarie Rating: Outperform Target: Rs 163 Rationale: Fourth quarter earnings were 6% ahead of estimates operationally, though the bottom line was impacted by a provision for the Asarco deal at Rs 420 crore. They expect consensus to upgrade earnings by close to 30 % for FY13.
Indiabulls Real Estate Brokerage: Morgan Stanley Rating: Overweight Target: Rs 88 Rationale: In view of the scaled-up visibility and inexpensive valuations. Results were above expectations and importantly, its performance is now stabilizing well. They have a target of Rs 88 on the stock.
India Cements Brokerage: Nomura Rating: Neutral Target: Rs 80 Rationale: Both top and bottomline were disappointing due to lower-than-expected realizations, even though cement prices in south India moved up by Rs 10-20 per bag in the quarter.