Coal India Brokerage: CLSA Rating: Outperform Target: RS 400 Rationale: Profits were ahead of estimates but news flow on coal price pooling and a potential stake sale by the government may remain an overhang.
JSW Steel Brokerage: Deutsche Bank Rating: Buy Target: Rs 930 Rationale: Operating performance was better than expectations. However, US operations remained under stress due to lower utilizations.
Tata Steel Brokerage: CLSA Rating: Sell Target: Rs 310 Rationale: EBITDA missed estimates by 16 percent due to sharp margin contraction in both India and Corus. Also, the 3,000 crore rise in debt is a cause for concern.
BPCL Brokerage: JP Morgan Rating: Overweight Target: Rs 420 Rationale: Profits were ahead of estimates on the back of better than expected GRMs. The company's emerging upstream portfolio will drive value going forward.