Bank of Baroda Brokerage: Nomura Rating: Reduce Target: Rs 765 Rationale: They expect elevated asset quality deterioration for another 2-3 quarters given the recent management transition. Earnings growth could remain negative for the next few quarters on slowing loan growth and rising loan loss provisions.
Jubiliant Foods Brokerage: Religare Rating: Sell Target: Rs 1080 Rationale: Margins dipped 150 bps, year on year due to the impact of dunking donuts' integration. It an increase in service tax and high rental costs. They maintain a sell on the growth on a likely drop in same store sales growth and expensive valuations.
Adani Enterprise Brokerage: Standard Chartered Rating: Outperform Target: Rs 291 Rationale: Results surprised positively, port and coal trading surprised, while power disappointed. The management believes promoters will not need to pledge their holding in the company to take on the abbot debt.
NMDC Brokerage: JP Morgan Rating: Overweight Target: Rs 190 Rationale: NMDC's decision to not increase prices in February has further weakened sentiment on the stock. However, the stock remains attractively valued with a stable earnings profile.