Maruti Brokerage: Credit Suisse Rating: Outperform Target: Rs 1422 Rationale: While the market reaction on the stock has been focused on disappointing volumes and currency, the favourable product mix has been completely ignored.
Indraprastha Gas Brokerage: Deutsche Bank Rating: Hold Target: Rs 440 Rationale: The High Court order is very positive for IGL as it can now continue to determine the selling price for CNG and PNG, which PNGRB in its order had tried to regulate.
MphasiS Brokerage: RBS Rating: Hold Target: Rs 375 Rationale: FY12 HP non-enterprise revenue target of 75 to 80 million dollars seems to be at risk given the slow start.
Jubilant Foodworks Brokerage: JPMorgan Rating: Underweight Target: Rs 995 Rationale: Jubilant’s growth story is matched with premium valuations. A potentially tough macro environment and impending competitive pressures are key risks which could strain valuation multiples.