Infosys Brokerage: Merrill Lynch Rating: Buy Target: 2600 Rationale: Delays in deal closures and cuts in spending in some of its banking clients are likely to result in lower growth than earlier expected. The company could lower its fy13 revenue guidance by 2% and EPS guidance by 4-5%.
NMDC Brokerage: Barclays Rating: Overweight Target: 210 Rationale: NMDC is currently in consultation with KPMG to develop a pricing formula for monthly iron ore prices and this is expected to be finalised soon. This could lead to a rebound in prices in the coming months.
Reliance Brokerage: Macquarie Rating: Neutral Target: 820 Rationale: The company could see an 8% dip in profits in Q3 on the back of a sequential fall in GRMs and a plunge in KG-D6 gas volumes. The fourth quarter looks worse, given a major planned shutdown and a further dip in gas volumes.
Coal India Brokerage: JP Morgan Rating: Underweight Target: 320 Rationale: New allocation rules could mean that coal India will have to pay for all coal block allocations from here-on.