Marico Brokerage: Nomura Rating: Neutral Target: Rs 220 Rationale: Topline was lower than expectations, the international business was a disappointment, with the overall segment continuing to report slow growth of 3 per cent.
TVS Motor Brokerage: Standard Chartered Rating: Outperform Target: Rs 48 Rationale: Benefit from improved mix was offset by higher marketing cost and freight expenses, so margins remained under pressure. However, new launches are likely to drive margin expansion and reduced interest burden could further boost earnings.
Bhel Brokerage: Goldman Sachs Rating: Sell Target: Rs 200 Rationale: With continued lack of new order wins and existing order execution also slow, there are concerns on future revenue growth.
Cummins India Brokerage: Macquarie Rating: Outperform Target: Rs 600 Rationale: Outlook remains positive as domestic demand for gensets remain robust, coupled with some pick-up in the industrial and export segment.