Oil India Brokerage: Goldman Sachs Rating: Buy Target: Rs 650 Rationale: A significant fall in gross under-recoveries could lead to a steady rise in net realisations. Every one dollar increase in gas prices impacts the company's EPS by about 7%.
Indiabulls Real Estate Brokerage: Standard Chartered Rating: Outperform Target: Rs 120 Rationale: The stock is a good beta play on a re-rating that will be driven by visibility on project execution and improved investor interaction.
Tata Motors Brokerage: Bank of America Merrill Lynch Rating: Buy Target Price: Rs 365 Rationale: While the India business is expected to remain muted for another year, some market share gains are possible post the inventory correction. However, the outlook for JLR seems exciting.
LIC Housing Brokerage: Morgan Stanley Rating: Overweight Target: Rs 325. Rationale: The management indicated that developer loans which originated in 2008-09 are facing some pressure and provisioning could rise in the coming quarters.