Here are 5 stocks brokerages are bullish on

Here are 5 stocks brokerages are bullish on
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Here are 5 stocks brokerages are bullish on
  • 
	ONGC

	Brokerage: Bank of America Merrill Lynch

	Rating: Buy

	Target: Rs 426

	Rationale: They expect a favorable change in the subsidy formula later in FY14. The main earnings and share price driver for ONGC is the gas price increase in FY15.

    ONGC Brokerage: Bank of America Merrill Lynch Rating: Buy Target: Rs 426 Rationale: They expect a favorable change in the subsidy formula later in FY14. The main earnings and share price driver for ONGC is the gas price increase in FY15.

  • 
	Aban Offshore 

	Brokerage: Credit Suisse

	Rating: Outperform

	Target: Rs 604

	Rationale: Aban's deep driller 7 and Aban ice should be operational in the second half of the fiscal, adding materially to earnings.

    Aban Offshore Brokerage: Credit Suisse Rating: Outperform Target: Rs 604 Rationale: Aban's deep driller 7 and Aban ice should be operational in the second half of the fiscal, adding materially to earnings.

  • 
	Tata Motors 

	Brokerage: CLSA

	Rating: Buy

	Target: Rs 380

	Rationale: Total revenues and EBITDA was 8 percent higher than estimates. Strong revenue growth across all geographies was the key positive.

    Tata Motors Brokerage: CLSA Rating: Buy Target: Rs 380 Rationale: Total revenues and EBITDA was 8 percent higher than estimates. Strong revenue growth across all geographies was the key positive.

  • 
	Ranbaxy

	Brokerage: Citi

	Rating: Buy

	Target: Rs 650

	Rationale: They believe there are enough signs to show that a turnaround is underway, although at a slower pace than expected earlier.

    Ranbaxy Brokerage: Citi Rating: Buy Target: Rs 650 Rationale: They believe there are enough signs to show that a turnaround is underway, although at a slower pace than expected earlier.

  • 
	Gujarat Gas Company

	Brokerage: Dolat Capital Market 

	Rating: Positive

	Rationale: We expect volume growth to improve in second half of CY13 due to infrastructure expansion as well as increased industrial activity before Diwali season. We will revisit our numbers post interaction with the management ./. 

    Gujarat Gas Company Brokerage: Dolat Capital Market  Rating: Positive Rationale: We expect volume growth to improve in second half of CY13 due to infrastructure expansion as well as increased industrial activity before Diwali season. We will revisit our numbers post interaction with the management ./. 

  • 
	ONGC

	Brokerage: Bank of America Merrill Lynch

	Rating: Buy

	Target: Rs 426

	Rationale: They expect a favorable change in the subsidy formula later in FY14. The main earnings and share price driver for ONGC is the gas price increase in FY15.
  • 
	Aban Offshore 

	Brokerage: Credit Suisse

	Rating: Outperform

	Target: Rs 604

	Rationale: Aban's deep driller 7 and Aban ice should be operational in the second half of the fiscal, adding materially to earnings.
  • 
	Tata Motors 

	Brokerage: CLSA

	Rating: Buy

	Target: Rs 380

	Rationale: Total revenues and EBITDA was 8 percent higher than estimates. Strong revenue growth across all geographies was the key positive.
  • 
	Ranbaxy

	Brokerage: Citi

	Rating: Buy

	Target: Rs 650

	Rationale: They believe there are enough signs to show that a turnaround is underway, although at a slower pace than expected earlier.
  • 
	Gujarat Gas Company

	Brokerage: Dolat Capital Market 

	Rating: Positive

	Rationale: We expect volume growth to improve in second half of CY13 due to infrastructure expansion as well as increased industrial activity before Diwali season. We will revisit our numbers post interaction with the management ./. 

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