JSW Steel Brokerage: Goldman Sachs Rating: Buy Target: Rs 798 Rationale: The company’s’ fourth quarter profits were nearly 40% ahead of estimates. But a resumption of iron ore mining in Karnataka is key to maintaining plant utilization.
IGL Brokerage: Citi Rating: Buy Target: Rs 426 Rationale: While Q4 was slightly ahead of expectations, the negative impact of retrospective liability is seen up to Rs 110 per share. Therefore, they caveat their buy recommendation with a high risk rating.
Adani Ports Brokerage: Macquarie Rating: Outperform Target: Rs 143 Rationale: Despite the volume slowdown at Mundra Port, cash flow generation remains strong.
L&T Brokerage: Credit Suisse Rating: Neutral Target: Rs 1091 Rationale: Given no major negative triggers near-term & limited downside. They have raised the target price to Rs 1091. They believe L&T will be able to deliver a 16% order inflow growth in FY13.