Buy, sell, hold: 8 stocks to watch out as Q2 earnings start

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Here are 8 stocks that brokerage firms are focussing on as Q2 results start.Infosys Jefferies has buy rating with target price cut to Rs 1280 per share from Rs 1350 per share but strong performance is let down by lackluster guidance. It says  reasonable valuation, growth pick up post second half justifies buy rating.

Nomura says Infosys is better than TCS but still not a buy. It has  a neutral rating with target price of  Rs 1120 per share.

Morgan Stanley is overweight rating with target price cut to Rs 1130 per share from Rs 1150 per share as it believes downside is limited in stock. 

Deutsche Bank maintains hold rating with target price increased to Rs 1100 per share from Rs 1080 per share. Q2 results beat expectation, attrition & client mining worries persist.

Bank of America Merrill Lynch has upgraded it buy with target  price at Rs 165 per share as reforms and low interest rate likely to reiterate stock.

Power Grid Morgan Stanley reiterates overweight with target price set at Rs 177 per share. It believes govt's commitment to creating  new transmission space remains strong and order backlog to remain best way for India transmission story.

LIC Housing Finance Morgan Stanley stays stay overweight with target price at Rs 700 per share on continued improvement  in NIM outlook with sharp reduction in bond yields,  relaxation of SEBI norms improving NIM. Autos Goldman says festive demand weak due to tight liquidity and unseasonal rains.  It has a sell rating on inventory-heavy companies  like Hero Motocorp and Bajaj Auto.  It prefer names like TVS, Maruti Suzuki & Eicher Motors.

Bajaj Auto Jefferies maintains hold with target price raised  to Rs 2743 per share from Rs 2718 per share. It says growth is limited by weak export markets despite obvious long-term opportunity.