Brokerage calls on BoB, Idea, Titan, NHPC post Q1 numbers

Brokerage calls on BoB, Idea, Titan, NHPC post Q1 numbers
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Brokerage calls on BoB, Idea, Titan, NHPC post Q1 numbers
  • 
	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.

	 

    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.

	 

    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.

	 

    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.

    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.

    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.

  • 
	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.

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