Brokerages bets: 3 stocks to buy, 1 to sell today

Brokerages bets: 3 stocks to buy, 1 to sell today
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Brokerages bets: 3 stocks to buy, 1 to sell today
  • 
	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.

    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.

    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.

    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.

    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.

  • 
	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.

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