Axis Bank Brokerage: Macquarie Rating: Outperform Target: Rs 1625 Rationale: Axis bank has the largest exposure to the SME sector amongst private banks and FY14 could see a cyclical reversal in SME asset quality stress which will be a positive for axis.
Sintex Industries Brokerage: Nomura Rating: Buy Target: Rs 109 Rationale: Margins are likely to improve this quarter, driven by improved capacity utilization especially in the domestic custom molding business. Adjusted for forex losses, bottom line is likely to grow 13 percent year on year to over Rs 80 crore
ONGC Brokerage: Goldman Sachs Rating: Buy Target: Rs 350 Rationale: Upstream companies seem relatively better placed if the recent spate of news on diesel price hikes and deregulation works out. In case of diesel deregulation, ONGC's fair value would be 428 rupees a share.
Adani Power Brokerage: UBS Rating: Sell Target: Rs 55 Rationale: The captive coal production it has in place is still not sufficient to run plants optimally and there is no fuel cost pass -through.