Buy, sell, hold: 3 stocks to focus as market cautious

Credit Suisse has raised target for Petronet to Rs 450 and GAIL to Rs 350. It says spot LNG prices could fall from April and stay in USD 5- 6/mmbtu range.

December 05, 2016 / 18:12 IST

26 Aug, 2025 12:21

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Moneycontrol Bureau Here are three stocks that analysts are focussing todayM&MBank of America Merrill Lynch has upgraded to buy with a target of Rs 1400 per share as risk reward appears favourable. It says recent stock correction appears overdone as new launches across UVs and tractors to support volumes.

Oil & GasCredit Suisse has raised target for Petronet to Rs 450 and GAIL to Rs 350. It says spot LNG prices could fall from April and stay in USD 5- 6/mmbtu range. It expects oil prices to rise to USD 65/bbl by Q1CY18. It has updated models for higher gas volumes and EPS estimates for Petronet LNG/GAIL increase by 4-10 percent/3 percent Petronet LNG is one of our top picks.

first published: Dec 5, 2016 09:30 am

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