Check out: 5 bluechips brokerages are playing today

Check out: 5 bluechips brokerages are playing today
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Check out: 5 bluechips brokerages are playing today
  • 
	ONGC

	Brokerage: Merrill Lynch

	Rating: Buy

	Target: Rs 426

	Rationale: While a cap of 8.5 to dollars per unit cannot be ruled out, raising long-term gas price to 8 dollars has boosted ongc's price target by 5 percent.

    ONGC Brokerage: Merrill Lynch Rating: Buy Target: Rs 426 Rationale: While a cap of 8.5 to dollars per unit cannot be ruled out, raising long-term gas price to 8 dollars has boosted ongc's price target by 5 percent.

  • 
	Reliance Communication

	Brokerage: Deutsche Bank

	Rating: Hold

	Target: Rs 100

	Rationale: They have raised their target to Rs 100 due to the potential impact of recent deals for sharing its towers and fibre infrastructure with Reliance Jio.

    Reliance Communication Brokerage: Deutsche Bank Rating: Hold Target: Rs 100 Rationale: They have raised their target to Rs 100 due to the potential impact of recent deals for sharing its towers and fibre infrastructure with Reliance Jio.

  • 
	Infosys 

	Brokerage: Credit Suisse

	Rating: Neutral

	Target: Rs 2700

	Rationale: They expect margins to dip by 60 bps sequentially due wage hikes, promotions, impact of H-1b visa costs and additional expenses relating to the Lodestone acquisition. These will partly be offset by the impact of a cheaper rupee.  

    Infosys Brokerage: Credit Suisse Rating: Neutral Target: Rs 2700 Rationale: They expect margins to dip by 60 bps sequentially due wage hikes, promotions, impact of H-1b visa costs and additional expenses relating to the Lodestone acquisition. These will partly be offset by the impact of a cheaper rupee.  

  • 
	TCS

	Brokerage: Macquarie

	Rating: Underperform

	Target: Rs 1200

	Rationale: Mixed demand signals and overhang of a moderate probability of the draft immigration bill going through, with stringent clauses continues to remain on the sector

    TCS Brokerage: Macquarie Rating: Underperform Target: Rs 1200 Rationale: Mixed demand signals and overhang of a moderate probability of the draft immigration bill going through, with stringent clauses continues to remain on the sector

  • 
	Reliance Industries 
	
	Brokerage: Angel Broking

	Rating: Neutral

	Rationale: RIL is likely to be a key beneficiary of the increase in gas price as it unlike PSU
	upstream companies; it does not bear any subsidy burden. Hence, we raise our
	gas price estimates for RIL to USD 8.4/mmbtu, which results in our EPS estimates
	being higher by 6.8 percent for FY2015.

    Reliance Industries  Brokerage: Angel Broking Rating: Neutral Rationale: RIL is likely to be a key beneficiary of the increase in gas price as it unlike PSU upstream companies; it does not bear any subsidy burden. Hence, we raise our gas price estimates for RIL to USD 8.4/mmbtu, which results in our EPS estimates being higher by 6.8 percent for FY2015.

  • 
	ONGC

	Brokerage: Merrill Lynch

	Rating: Buy

	Target: Rs 426

	Rationale: While a cap of 8.5 to dollars per unit cannot be ruled out, raising long-term gas price to 8 dollars has boosted ongc's price target by 5 percent.
  • 
	Reliance Communication

	Brokerage: Deutsche Bank

	Rating: Hold

	Target: Rs 100

	Rationale: They have raised their target to Rs 100 due to the potential impact of recent deals for sharing its towers and fibre infrastructure with Reliance Jio.
  • 
	Infosys 

	Brokerage: Credit Suisse

	Rating: Neutral

	Target: Rs 2700

	Rationale: They expect margins to dip by 60 bps sequentially due wage hikes, promotions, impact of H-1b visa costs and additional expenses relating to the Lodestone acquisition. These will partly be offset by the impact of a cheaper rupee.  
  • 
	TCS

	Brokerage: Macquarie

	Rating: Underperform

	Target: Rs 1200

	Rationale: Mixed demand signals and overhang of a moderate probability of the draft immigration bill going through, with stringent clauses continues to remain on the sector
  • 
	Reliance Industries 
	
	Brokerage: Angel Broking

	Rating: Neutral

	Rationale: RIL is likely to be a key beneficiary of the increase in gas price as it unlike PSU
	upstream companies; it does not bear any subsidy burden. Hence, we raise our
	gas price estimates for RIL to USD 8.4/mmbtu, which results in our EPS estimates
	being higher by 6.8 percent for FY2015.

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