Tata Motors Brokerage: Bank of America Merrill Lynch Rating: Buy Target: Rs 360 Rationale: Although the near-term outlook seems uncertain, medium and heavy commercial vehicles may be close to a trough.
Glenmark Brokerage: JPMorgan Rating: Overweight Target: Rs 575 Rationale: Glenmark is likely to launch crofelemer in emerging markets by the first half of 2014. JPMorgan has raised its eps estimates by 7 percent to account for crofelemer and research related payments from forest.
ICICI Bank Brokerage: CLSA Rating: Buy Target: Rs 1400 Rationale: Healthy topline growth is being supported by manageable credit costs that reflect ICICI's lower exposure to riskier segments, tighter underwriting standards.
Godrej Consumer Brokerage: Nomura Rating: Buy Target: Rs 833 Rationale: While the company's new acquisition, soft & gentle, is not a game changer, it is a step towards eventually hiving off the uk business.