HUL Brokerage: Standard Chartered Target: Rs 538 Rationale: The company pays only 1.4 percent of sales as royalty, which is not only low compared to unilever indonesia, but is also significantly lower than other FMCG companies. Royalty for HUL could go up to over 3 percent.
Infosys Brokerage: Credit Suisse Rating: Neutral Target: Rs 2450 Rationale: Any miss in the revenue guidance would also imply downside to the margin guidance unless a significant pick up is seen in march quarter's margins.
SBI Brokerage: Goldman Sachs Rating: Neutral Target: Rs 2170 Rationale: The management has indicated that the worst in terms of asset quality is likely over and slippages should start to stabilize or fall.
Dr. Reddy's Brokerage: Credit Suisse Rating: Outperform Target: Rs 2150 Rationale: The pharma major is expected to see a strong pick-up in US sales in the coming quarters.