HPCL Brokerage: Nomura Rating: Buy Target: Rs 380 Rationale: OMCs have already rallied nearly 22 percent over the last one month and are already building hope on price hikes and reforms. If a roadmap for future increases is not announced, these stocks can weaken in the near term.
Federal Bank Brokerage: Goldman Sachs Rating: Buy Target: Rs 560 Rationale: Earnings beat estimates largely due to better than expected NII growth and lower loan loss provision. However, asset quality disappointed.
Reliance Brokerage: Macquarie Rating: Outperform Target: Rs 1,100 Rationale: After having been a market performer over the last three years, they expect outperformance driven by a turnaround in the petchem and retail business.
HCL Tech Brokerage: CLSA Rating: Outperform Target: Rs 800 Rationale: Earnings upside from a likely sector wide demand revival opens up prospects of 14 percent rally in the stock from current levels.