Dabur Brokerage: JP Morgan Rating: OVERWEIGHT Target: Rs 190 Rationale: The management is fairly optimistic about FY14 with 8 to 12% domestic volume growth and price rises of 4 to 5%.
Petronet LNG Brokerage: CLSA Rating: BUY Target: Rs 180 Rationale: A 75% rise in volume over FY14-17 will drive a doubling of EPS even as trading margins moderate.
Ambuja Cements Brokerage: Macquarie Rating: UNDERPERFORM Target: Rs 137 Rationale: The management claims synergy benefits, but those can take very long. The deal is also EPS-dilutive in its initial years by 4-5%.
YES Bank Brokerage: JP Morgan Rating: OVERWEIGHT Target: Rs 560 Rationale: The market overreacted, both on the permanency of high rates and its impact on earnings.
Hero MotoCorp Brokerage: ICICI Direct Rating: BUY Target: Rs 1935 Rationale: Going forward, from FY15E, HMCL’s margins are likely see an improvement as royalty to Honda ends after Q1FY15E and as the impact of the cost rationalisation drive undertaken by the management starts kicking in.