IndusInd Bank Brokerage: Nomura Rating: BUY Target: Rs 580 Rationale: The bank’s CASA ratio could inch up to 33% by FY14, driven by relatively stronger growth in savings deposits.
Oberoi Realty Brokerage: Bank of America Merrill Lynch Rating: BUY Target: Rs 331 Rationale: Rising rental income from commercial assets and new launch visibility in Goregaon, Worli and Mulund should provide further upside.
Jaiprakash Power Ventures Brokerage: Barclays Rating: OVERWEIGHT Target: Rs 37 Rationale: The brokerage expects the company to perform well with the commissioning of Nigrie and Bara power plants and approval of Dongri Tal mine.
Maruti Suzuki Brokerage: Macquarie Rating: DOWNGRADE Target: Rs 1525 Rationale: While Maruti benefits from a weaker yen, most of that will be offset by higher discounts and a weak rupee.
Jubilant Life Sciences Brokerage: ICICI Direct Rating: BUY Target: Rs 162 Rationale: The brokerage believes the stock is weighed down by rupee depreciation and has cut its target from Rs 234 to Rs 162 on rupee weakness and China imposing anti-dumping duty on Pyridine.