HCL Tech Brokerage: Morgan Stanley Rating: Overweight Target: Rs 580 Rationale: Resilient growth in the outsourcing segment for Accenture bodes well for Indian I-T vendors. Better-than-expected technology spending environment in 2013 could lead to upside surprises.
Maruti Brokerage: Barclays Rating: Overweight Target: Rs 1,542 Rationale: The company expects a sharp improvement in the product mix in the second half, through a higher mix of diesel vehicles and lower petrol discounts.
M&M Brokerage: Citi Rating: Neutral Target: Rs 899 Rationale: According to the management, the recent negative news flow on Navistar, re-branding of trucks as Mahindra will result in better volumes. But the domestic market scenario remains challenging, as recovery if any, is expected only in the first quarter of FY14.
Voltas Brokerage: Nomura Rating: Neutral Target: Rs 111 Rationale: The air-conditioning segment which accounts for nearly 35 percent of the overall revenue may see a contraction of 25-30 percent, on the back of declining orders and aggravating competition.