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.