Moneycontrol Bureau Here are 6 stocks that analysts are positive on. IGLCiti has buy rating on stock with target at Rs 976 per share as Pune is second city to launch CNG kits for two-wheelers. Potential increase in gas demand for co works out to 0.14 mmscmd. Zee Entertainment CLSA reiterates buy as it has a strong earnings profile. But it says ad revenue will be hit as subscriptions resilient. Demonetisation created business disruption across industries Target for the stock is cut to Rs 575 from Rs 645 per share. Maruti Kotak retains buy rating with target cut to Rs 5900 from Rs 6600 per share as demonetisation of currency will impact near-term demand. It says passenger vehicle demand will decline significantly and demand will merely be pushed back to return sharply in FY18.
Tata MotorsMorgan Stanley says its price implies no value to India business. It adds that JLR may show strong turnaround in near-term. Key positive surprise will be turn in Indian business.
Oberoi Realty HDFC Securities remains positive on the stock with target price at Rs 381 per share on stellar Q2 performance by company. Luxury housing pre-sales pickup a key tailwind. Worli luxury project saw improved response with sale of 8 versus 6 units. PI Industries Ambit has a buy call on the stock with target price at Rs 1100 per share as focus on services in agro chemical value chain can provide substantial opportunities. Scalability and capital efficiency make it the best option to invest in. Prolonged agri slowdown and inability to build/retain talent are key risks to the company.
Sun Pharma Bank of America Merrill has buy call with target price at Rs 790 per share stating seven observations for Mohali don’t seem incriminating as observations are minor in nature. It says Halol inspection outcome is more critical.
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