Buy, sell, hold: Investing calls on 12 stocks post results

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Moneycontrol Bureau Here are 12 stocks that brokerage firms are watching outNestle India Citi has a sell call with and lowered target price to Rs 5340 from Rs 5650 per share. It has cut revenue/EBITDA/net profit estimate for CY16 to 3 percent/9 percent/ 9 percent and reduced  forecast due to slower-than-expected growth in noodles category. It says management encouraging product innovation and premiumisation a positive move. Deutsche Bank has a buy call on the stock with target at Rs 7500 per share. It says re-launch of Maggi at Rs 5 price-point should be the next trigger. IDFC maintains underperform rating with target at Rs 6150 per share and warns  that regaining lost shares in key  categories could come at a cost. Colgate Citi sees margin expansion of 70 basis points to 63 percent  and  adds difficult for EBITDA to outpace rev growth due to increasing competition.  Deutsche Bank has a sell rating on the stock with target at Rs 800 per share and sees anemic earnings growth  of 9.7 percent CAGR over FY16-19.

IDFC maintains underperform rating with target at Rs 872 per share and expects advertising and promotional  intensity to remain at high levels.

Bajaj Auto Citi maintains sell call with target price at Rs 2380 per share as the company’s share in domestic motorcycle markte has inched up by over 110 basis points YoY. It says depreciating rupee and better product mix are positives for the stock.

Vedanta CLSA retains buy call with target  increased to Rs 315 from Rs 250 per share on positive outlook and says merger  ratio may drive upside. It has  raised FY17/18/19 EPS by 41/17/20 percent. 

Eicher Motors CLSA raised FY18-19 EPS by 5-13 percent and upgraded it to outperform from sell and target increased to Rs 26500  from Rs 21250 per share It says RE’s premium valuations should  sustain given strong outlook.

Dish TVMorgan Stanley is overweight on the stock with target at Rs 110 per share and reduced revenue growth forecasts  for FY17-19 by 2.5 percent. IDFC maintains outperform with target at Rs 102 per share expecting second half  to be better than H1 on higher net subscriber addition.

Bharat Financial InclusionCredit Suisse maintains underperform with target price increased to Rs 710 from Rs 690 per share as growth has been driven by volume for two quarters now.

Marico Deutsche Bank has buy rating on the stock with target at Rs 305 per share as company appears to have a strong  launch pipeline for second half. The management comments refer to a  'gradual' recovery in consumption. IDFC has a neutral rating with target at Rs 275 per share. It has reduced FY17 & FY18 earnings estimates by 3 percent each.      United Spirits Deutsche Bank has a buy call on the stock with target at Rs 2800 per share as service tax on privilege fee a risk.

UPL IDFC maintains outperform with target at Rs 782 per share as   volume growth trajectory is likely to be strong going forward.

Kansai Nerolac IDFC is neutral on the stock with target at Rs 366 per share as  weakness in industrial segment  performance key negative.  It has increased FY17 & FY18 earnings by 2 percent and 1 percent respectively 

NTPC IDFC has underperform rating with target at Rs 154 per share on results below estimates; earnings  plagued by uncertainty.