Houseviews: Stocks that may move before the Budget

Houseviews: Stocks that may move before the Budget
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Houseviews: Stocks that may move before the Budget
  • 
	CAIRN INDIA

	Brokerage: CITI

	Rating: BUY

	Target: Rs 412

	Rationale: base case for Brent crude by the end of this year has now been upgraded to USD 125. Based on the renewed assumptions, their FY13 earnings estimates have risen by 14%.

	 

    CAIRN INDIA Brokerage: CITI Rating: BUY Target: Rs 412 Rationale: base case for Brent crude by the end of this year has now been upgraded to USD 125. Based on the renewed assumptions, their FY13 earnings estimates have risen by 14%.  

  • 
	COAL INDIA

	Brokerage: JP Morgan

	Rating: UNDERWEIGHT

	Target: Rs 295

	Rationale: Investors need to wait for an articulated strategy on the dividend policy going forward, given that historically dividend payout has been less than 25%. Reports also suggest that CCI has decided to probe Coal India for alleged misuse of market position; this could weigh on the stock.

    COAL INDIA Brokerage: JP Morgan Rating: UNDERWEIGHT Target: Rs 295 Rationale: Investors need to wait for an articulated strategy on the dividend policy going forward, given that historically dividend payout has been less than 25%. Reports also suggest that CCI has decided to probe Coal India for alleged misuse of market position; this could weigh on the stock.

  • 
	TATA MOTORS

	Brokerage: Nomura

	Rating: BUY

	Target: Rs 326

	Rationale: recent prices increases and a decline in losses in the passenger vehicles segment should help standalone margins in the fourth quarter. JLR's margins are likely to surprise positively against street expectations of around 16-17%.

    TATA MOTORS Brokerage: Nomura Rating: BUY Target: Rs 326 Rationale: recent prices increases and a decline in losses in the passenger vehicles segment should help standalone margins in the fourth quarter. JLR's margins are likely to surprise positively against street expectations of around 16-17%.

  • 
	DLF

	Brokerage: RBS

	Rating: BUY

	Target: Rs 260

	Rationale: Cashflows from launches in the fourth quarter plus proceeds from asset sales will help in reducing debt further in this quarter. In fy13, DLF also expects to sell it's wind power assets, Mumbai NTC mill land and Aman resorts

    DLF Brokerage: RBS Rating: BUY Target: Rs 260 Rationale: Cashflows from launches in the fourth quarter plus proceeds from asset sales will help in reducing debt further in this quarter. In fy13, DLF also expects to sell it's wind power assets, Mumbai NTC mill land and Aman resorts

  • 
	CAIRN INDIA

	Brokerage: CITI

	Rating: BUY

	Target: Rs 412

	Rationale: base case for Brent crude by the end of this year has now been upgraded to USD 125. Based on the renewed assumptions, their FY13 earnings estimates have risen by 14%.

	 
  • 
	COAL INDIA

	Brokerage: JP Morgan

	Rating: UNDERWEIGHT

	Target: Rs 295

	Rationale: Investors need to wait for an articulated strategy on the dividend policy going forward, given that historically dividend payout has been less than 25%. Reports also suggest that CCI has decided to probe Coal India for alleged misuse of market position; this could weigh on the stock.
  • 
	TATA MOTORS

	Brokerage: Nomura

	Rating: BUY

	Target: Rs 326

	Rationale: recent prices increases and a decline in losses in the passenger vehicles segment should help standalone margins in the fourth quarter. JLR's margins are likely to surprise positively against street expectations of around 16-17%.
  • 
	DLF

	Brokerage: RBS

	Rating: BUY

	Target: Rs 260

	Rationale: Cashflows from launches in the fourth quarter plus proceeds from asset sales will help in reducing debt further in this quarter. In fy13, DLF also expects to sell it's wind power assets, Mumbai NTC mill land and Aman resorts

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