Nestle Brokerage: CLSA Rating: Sell Target: Rs 4350 Rationale: The stock has underperformed its FMCG peers by upto 60% in the last one year due to moderating revenue growth.
SpiceJet Brokerage: HSBC Rating: Neutral Target: Rs 45 Rationale: There seems to be strong interest in the stock among investors due to expectations a potential stake sale that may not involve a foreign airline, but could be to a private equity fund.
Zee Entertainment Brokerage: CLSA Rating: Buy Target: Rs 284 Rationale: . With only 25% of the buyback amount of 280 crore utilised, Zee is likely to consider a higher dividend pay-out, which will be a positive.
JP Power Brokerage: JP Morgan Rating: Overweight Target: Rs 40 Rationale: While there are limited catalysts in the near-term post the QIP, the recent price correction provides an attractive entry opportunity.