Cairn Brokerage: Centrum Rating: Buy Target: Rs400 Rationale: The management is confident of expanding the current pipeline capacity to more than 200,000 barrells per day.
Manappuram Finance Brokerage: Religare Rating: Hold Target: Rs 38 Rationale: While the company remains confident on underlying demand, near-term growth is likely to disappoint on funding challenges. NIMS could remain under pressure in the third quarter.
Tata Motors Brokerage: Axis Capital Rating: Buy Target: Rs 370 Rationale: The standalone business will benefit from an early recovery in medium and heavy commercial vehicles due to the strong rabi season, while a sharp improvement in product development capabilities will facilitate portfolio expansion in JLR.
Bank of Baroda Brokerage: ICICI Securities Rating: Add Target:: Rs 920 Rationale: The bank has consciously slowed down lending to the mid-corporate and SME segments. The imminent change in the top management coupled with relatively better asset quality. They are positive for the company.