Power Grid Brokerage: Axis Capital Rating: Buy Target: Rs 131 Rationale: The street may be negatively surprised by execution in the third quarter. Also the company may revise its 12th plan capex target of Rs 1 lakh crore upwards.
Bharti Brokerage: Morgan Stanley Rating: Equalweight Target: Rs 321 Rationale: Their sensitivity analysis shows that for every one time change in the EV to EBITDA multiple for Bharti Infratel, price target for Bharti Airtel will change by Rs 8 a share.
Godrej Consumer Brokerage: Antique Rating: Hold Target: Rs 747 Rationale: The incremental consolidation of the darling group in the third quarter is likely to drive revenues, while in Latin America, cost cutting measures could improve margins by about 300 bps.
Cummins Brokerage: Axis Capital Rating: Hold Target: Rs 456 Rationale: The environment seems to be turning favourable for Cummins in the medium-term, however long-term concerns remain.