Dec 02, 2016, 07.39 PM | Source: Moneycontrol.com
Credit Suisse has maintained neutral call on Reliance with target cut to Rs 1035 from Rs 1055 per share as Jio's user-base could grow to 7 crore from 5.2 crore by December-end.
Maruti , Eicher and Tata Motors preferred picks of Nomura.
Macquarie reiterates underperform with target at Rs 270 per share as with flat volume in 8MFY17, 3 percent YOY FY17 estimate appears a tall order. It says demonetisation e-auction bookings impact may be seen in Dec-Jan volumes. It says earnings downgrade should continue with downward revision of volume estimates.
Citi has a buy call on the stock with target at Rs 360 per share as despatch growth was in November despite a high base. It says slightest turn in demand scenario would spin pricing, volumes & margins.
Nomura has a buy call on the stock with target Rs 345 per share.
Morgan Stanley has underweight rating with target at Rs 268 per share as dispatches improved but still lag the target.
Credit Suisse has maintained neutral call with target cut to Rs 1035 from Rs 1055 per share as Jio's user-base could grow to 7 crore from 5.2 crore by December-end.
Morgan Stanley is overweight on the stock with target at Rs 1280 per share as Jio's data size is four times the rest of the operators. It expects Jio to garner revenue of USD 3.3 billion in FY18 with average subscribers of 6 crore.
CLSA has raised FY17 EPS by 5 percent and retains conviction buy with a target of Rs 1350 per share.
(Reliance Jio is a part of Reliance Industries that owns Network 18 Media & moneycontrol.com)
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