Houseviews: 4 stocks on brokerages` radar

Houseviews: 4 stocks on brokerages` radar
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Houseviews: 4 stocks on brokerages` radar
  • 
	Petronet

	Brokerage: Citi

	Rating: Buy

	Target: Rs 179

	Rationale: They believe the stock now adequately prices in most concerns after the recent underperformance driven by a disappointing Q4 on lower-than-expected volumes, margins and regulatory concerns in the sector.

    Petronet Brokerage: Citi Rating: Buy Target: Rs 179 Rationale: They believe the stock now adequately prices in most concerns after the recent underperformance driven by a disappointing Q4 on lower-than-expected volumes, margins and regulatory concerns in the sector.

  • 
	Asian Paints

	Brokerage: UBS

	Rating: Buy

	Target: Rs 4,150

	Rationale: Despite raw material pressures they managed to post EBITDA growth of over 30% and profit growth of nearly 40% in Q4. they believe being a dominant player with strong pricing power, Asian Paints will be continue to pass on further raw material cost increases.

    Asian Paints Brokerage: UBS Rating: Buy Target: Rs 4,150 Rationale: Despite raw material pressures they managed to post EBITDA growth of over 30% and profit growth of nearly 40% in Q4. they believe being a dominant player with strong pricing power, Asian Paints will be continue to pass on further raw material cost increases.

  • 
	ITC

	Brokerage: Macquarie

	Rating: Outperform

	Target: Rs 257

	Rationale: Based on our channel checks, they estimate ITC has taken a 16% blended price increase in the last two months which is in-line with the price hike needed to offset the duty burden. In recent news though, the effective excise increase for FY13 has been hiked to 23% against 15% earlier, in the revised finance bill.

    ITC Brokerage: Macquarie Rating: Outperform Target: Rs 257 Rationale: Based on our channel checks, they estimate ITC has taken a 16% blended price increase in the last two months which is in-line with the price hike needed to offset the duty burden. In recent news though, the effective excise increase for FY13 has been hiked to 23% against 15% earlier, in the revised finance bill.

  • 
	Hindalco

	Brokerage: Bank of America Merrill Lynch

	Rating: Neutral

	Target: Rs 143

	Rationale: The adjusted profit was 17% ahead of estimates. Valuations appear reasonable but they believe upside catalysts are absent.

    Hindalco Brokerage: Bank of America Merrill Lynch Rating: Neutral Target: Rs 143 Rationale: The adjusted profit was 17% ahead of estimates. Valuations appear reasonable but they believe upside catalysts are absent.

  • 
	Petronet

	Brokerage: Citi

	Rating: Buy

	Target: Rs 179

	Rationale: They believe the stock now adequately prices in most concerns after the recent underperformance driven by a disappointing Q4 on lower-than-expected volumes, margins and regulatory concerns in the sector.
  • 
	Asian Paints

	Brokerage: UBS

	Rating: Buy

	Target: Rs 4,150

	Rationale: Despite raw material pressures they managed to post EBITDA growth of over 30% and profit growth of nearly 40% in Q4. they believe being a dominant player with strong pricing power, Asian Paints will be continue to pass on further raw material cost increases.
  • 
	ITC

	Brokerage: Macquarie

	Rating: Outperform

	Target: Rs 257

	Rationale: Based on our channel checks, they estimate ITC has taken a 16% blended price increase in the last two months which is in-line with the price hike needed to offset the duty burden. In recent news though, the effective excise increase for FY13 has been hiked to 23% against 15% earlier, in the revised finance bill.
  • 
	Hindalco

	Brokerage: Bank of America Merrill Lynch

	Rating: Neutral

	Target: Rs 143

	Rationale: The adjusted profit was 17% ahead of estimates. Valuations appear reasonable but they believe upside catalysts are absent.

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