Portfolio boosters: Buy Unitech, BPCL & Ashok Leyland

Portfolio boosters: Buy Unitech, BPCL & Ashok Leyland
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset
moneycontrol.com
Portfolio boosters: Buy Unitech, BPCL & Ashok Leyland
  • 
	Unitech

	Brokerage: Nomura

	Rating: Buy

	Target: Rs 42

	Rationale: The execution pace remains a concern as the company managed to deliver only 0.5 million square feet in Q4. But the stock currently trades at a 60% discount to their real estate NAV, which seems attractive. 

    Unitech Brokerage: Nomura Rating: Buy Target: Rs 42 Rationale: The execution pace remains a concern as the company managed to deliver only 0.5 million square feet in Q4. But the stock currently trades at a 60% discount to their real estate NAV, which seems attractive. 

  • 
	BPCL

	Brokerage: Bank of America Merrill Lynch

	Rating: Buy

	Target: Rs 816

	Rationale: Post the announcement of the Mozambique discovery yesterday, they have raised the value of BPCL’s 10% interest in the block to Rs 294. However the market value of BPCL’s investments in Indraprastha Gas and Petronet LNG has been reduced by Rs 33 per share.

    BPCL Brokerage: Bank of America Merrill Lynch Rating: Buy Target: Rs 816 Rationale: Post the announcement of the Mozambique discovery yesterday, they have raised the value of BPCL’s 10% interest in the block to Rs 294. However the market value of BPCL’s investments in Indraprastha Gas and Petronet LNG has been reduced by Rs 33 per share.

  • 
	Ashok Leyland

	Brokerage: Credit Suisse

	Rating: Outperform

	Target: Rs 35

	Rationale: While fourth quarter results were slightly below expectations, the stock trades well below its historical average. They also prefer the attractive dividend yield on the stock given Leyland’s consistent 40% payout policy.

    Ashok Leyland Brokerage: Credit Suisse Rating: Outperform Target: Rs 35 Rationale: While fourth quarter results were slightly below expectations, the stock trades well below its historical average. They also prefer the attractive dividend yield on the stock given Leyland’s consistent 40% payout policy.

  • 
	Tata Motors

	Brokerage: Deutsche Bank

	Rating: Sell

	Target: Rs 250

	Rationale: JLR’s volumes for April were up 29% year on year. However adjusting for Evoque and Freelander, volumes in Land Rovers’ other brands would have actually declined 17%, which is disappointing. 

    Tata Motors Brokerage: Deutsche Bank Rating: Sell Target: Rs 250 Rationale: JLR’s volumes for April were up 29% year on year. However adjusting for Evoque and Freelander, volumes in Land Rovers’ other brands would have actually declined 17%, which is disappointing. 

  • 
	Unitech

	Brokerage: Nomura

	Rating: Buy

	Target: Rs 42

	Rationale: The execution pace remains a concern as the company managed to deliver only 0.5 million square feet in Q4. But the stock currently trades at a 60% discount to their real estate NAV, which seems attractive. 
  • 
	BPCL

	Brokerage: Bank of America Merrill Lynch

	Rating: Buy

	Target: Rs 816

	Rationale: Post the announcement of the Mozambique discovery yesterday, they have raised the value of BPCL’s 10% interest in the block to Rs 294. However the market value of BPCL’s investments in Indraprastha Gas and Petronet LNG has been reduced by Rs 33 per share.
  • 
	Ashok Leyland

	Brokerage: Credit Suisse

	Rating: Outperform

	Target: Rs 35

	Rationale: While fourth quarter results were slightly below expectations, the stock trades well below its historical average. They also prefer the attractive dividend yield on the stock given Leyland’s consistent 40% payout policy.
  • 
	Tata Motors

	Brokerage: Deutsche Bank

	Rating: Sell

	Target: Rs 250

	Rationale: JLR’s volumes for April were up 29% year on year. However adjusting for Evoque and Freelander, volumes in Land Rovers’ other brands would have actually declined 17%, which is disappointing. 

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login