Houseviews: Brokerages call on 3 largecap stocks

Houseviews: Brokerages call on 3 largecap stocks
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Houseviews: Brokerages call on 3 largecap stocks
  • 
	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.

    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.

    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.

    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.

    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.

  • 
	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.

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