Moneycontrol Bureau Here are brokerage calls on top stocks for today.LIC Housing Finance Morgan Stanley is overweight on the stock with target at Rs 700 per share as it continues to expect meaningful NIM expansion.
Bharat Financial InclusionMorgan Stanley is overweight on the stock with target at Rs 1125/ per share. It says that the company provides high earnings delivery but valuation is not cheap.
HT Media CLSA maintains sell call with target price revised to Rs 70 per share. It expects 6 percent print ad revenue growth over FY16-19. New station launches boosted radio business revenue growth but resulted in EBIT loss. It has cut FY17-18 revenue by 4-5 percent and earnings by 9-10 percent.
SBI IDFC has outperform rating with target at Rs 280 per share believing that slippages have peaked for company and subsidiaries. Morgan Stanley is underweight on the stock with target at Rs 200 per share as five banking subsidiaries reported weak earnings and earnings may be weak in FY17 & FY18. It expects NIM to remain subdued for longer.
Carborundum IDFC has outperform rating with target at Rs 315 per share as valuations at 22x FY18 earnings are attractive. M&M Citi has buy rating with target at Rs 1590 per share. It is positive on tractor business given strong volume growth momentum and its impact on margin.Dabur Citi has buy rating with target at Rs 325 per share and expects improving trends despite challenging market.BEL Citi has buy rating with target at Rs 1735/ per share.
ICICI Bank Morgan Stanley is equal-weight on the stock with target up by 4 percent to Rs 266 percent, raising target price given higher life insurance valuations.
MetalsJP Morgan says Vedanta and Hindalco are top picks and downgraded Nalco, NMDC to underweight. It has increased target of Vedanta to Rs 255 from Rs 220 per share, raised target of Hindalco Rs 190 from Rs 170 per share and upped target of Nalco Rs 46 from Rs 44 per share. It has cut target of NMDC to Rs 100 from Rs 105 per share.
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