Moneycontrol Bureau Here are seven stocks that analysts recommend to watch out.
Havells CLSA maintains sell call and revised target price to Rs 362 per share from Rs 323 per share. It likes the company’s growth story but valuations at 37.4x FY18 provide little comfort. It has retained FY17/18 estimates.
Duetsche Bank has maintained hold with target price raised to Rs 340 per share from Rs 320 per share. Its says subdued topline growth leads to earnings miss.
Citi has a buy rating with target price of Rs 445 per share.
JP Morgan is overweight with target price of Rs 460 per share with revenue growth moderation offset by strong margin performance.
Credit Suisse has an outperform rating with target price of Rs 435 per share as consumer durables see robust growth; cables drags overall topline.
DHFL Nomura maintains buy cal with target price increased to Rs 375 per share from Rs 250 per share. Improvement in NIMS led by bond mix & decline in funding costs and increase FY17/18 pat estimate by over 8-10 percent due to better OPEX ratio, NIM.
ICICI Bank Morgan Stanley is equal-weight on the stock with target price at Rs 255 per share as credit cost estimates for next three years remain unchanged. It says stock surge post deleveraging of Essar group offsets some recent weakness and have assumed a total provisioning of over Rs 30000 crore in next three years.
BHEL CLSA upgrades it to buy from sell with target price of Rs 164 per share as it sees improved execution visibility of its second-largest order. Oil and Gas Credit Suisse has outperform rating on IOC, BPCL and HPCL with target price of Rs 330, Rs 690 and Rs 476.67 per share. CLSA retains overweight call on BPCL with target price of Rs 720. In FY18, it expects 45 percent of core EBITDA to come from refining.
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