Bank of Baroda Brokerage: Bank of America Merrill Lynch Rating: NEUTRAL Target: Rs 550 Rationale: The bank’s operating earnings were weaker this quarter and slippages and restructuring came in higher then estimates.
Idea Cellular Brokerage: CLSA Rating: SELL Target: Rs 130 Rationale: Idea's stellar performance was led by expansion in revenue per minute and 3% traffic growth. Even as Idea has seen a surge in cash profit and debt reduction, an equity raising has been announced.
Titan Industries Brokerage: Citi Rating: SELL Target: Rs 255 Rationale: The profit number disappointed given the weaker mix and higher overheads including the impact of a recent wage settlement in the watches division.
MCX Brokerage: ICICI Securities Rating: SELL Target: Rs 349 Rationale: The brokerage is negative on the uncertain business scenario led by regulatory overhang coupled with CTT eating into the company's profits.
NHPC Brokerage: ICICI Direct Rating: BUY Target: Rs 19 Rationale: While revenues increased 13.4% YoY due to better generation and realisation, PAT was up 7.5% YoY at Rs 720 crore. They are expected to give returns from FY17-18.