Tata Motors Brokerage: Macquarie Rating: Outperform Target: Rs 370 Rationale: The December retail sales are strong across all key markets. They expect JLR volumes to improve going forward as the company ramps-up production of new models.
SAIL Brokerage: JPMorgan Rating: Overweight Target: Rs 120 Rationale: The demand environment is expected to improve over the next few quarters & project commissioning next fiscal is likely to aid EBITDA improvement FY15 onwards.
JSPL Brokerage: UBS Rating: Sell Target: Rs 490 Rationale: They maintain their negative view on the company due to execution risk, regulatory overhang and increased scrutiny on India's mining industry.
Punj Lloyd Brokerage: Macqurie Rating: Underperform Target: Rs 44 Rationale: With extremely low return on equity and high leverage, they do not see any compelling reason to own the stock. They believe a significant reduction in debt is paramount for any re-rating.