Pre-Budget week: Brokerages bet on 3 stocks to buy, 1 to sell

Pre-Budget week: Brokerages bet on 3 stocks to buy, 1 to sell
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Pre-Budget week: Brokerages bet on 3 stocks to buy, 1 to sell
  • 
	Wockhardt

	Brokerage: Citi

	Rating: BUY

	Target: Rs 2500

	Rationale: Consistent financial performance reinforces that earnings momentum is strong and the stock is likely to re-rate.

    Wockhardt Brokerage: Citi Rating: BUY Target: Rs 2500 Rationale: Consistent financial performance reinforces that earnings momentum is strong and the stock is likely to re-rate.

  • 
	LIC Housing

	Brokerage: HSBC

	Rating: NEUTRAL

	Target: Rs 274

	Rationale: Margin recovery is likely to take longer than expected earlier and credit costs are also likely to increase.

    LIC Housing Brokerage: HSBC Rating: NEUTRAL Target: Rs 274 Rationale: Margin recovery is likely to take longer than expected earlier and credit costs are also likely to increase.

  • 
	DLF

	Brokerage: CLSA

	Rating: OUTPERFORM

	Target: Rs 280

	Rationale: The company plans to reduce further debt by raising equity and by improving cash flows.

    DLF Brokerage: CLSA Rating: OUTPERFORM Target: Rs 280 Rationale: The company plans to reduce further debt by raising equity and by improving cash flows.

  • 
	BPCL

	Brokerage: Morgan Stanley

	Rating: OVERWEIGHT

	Target: Rs 534

	Rationale: With elections in key states likely to be held in December, the Government may look to frontload fuel reforms, which will be a positive for oil marketing companies.

    BPCL Brokerage: Morgan Stanley Rating: OVERWEIGHT Target: Rs 534 Rationale: With elections in key states likely to be held in December, the Government may look to frontload fuel reforms, which will be a positive for oil marketing companies.

  • 
	Wockhardt

	Brokerage: Citi

	Rating: BUY

	Target: Rs 2500

	Rationale: Consistent financial performance reinforces that earnings momentum is strong and the stock is likely to re-rate.
  • 
	LIC Housing

	Brokerage: HSBC

	Rating: NEUTRAL

	Target: Rs 274

	Rationale: Margin recovery is likely to take longer than expected earlier and credit costs are also likely to increase.
  • 
	DLF

	Brokerage: CLSA

	Rating: OUTPERFORM

	Target: Rs 280

	Rationale: The company plans to reduce further debt by raising equity and by improving cash flows.
  • 
	BPCL

	Brokerage: Morgan Stanley

	Rating: OVERWEIGHT

	Target: Rs 534

	Rationale: With elections in key states likely to be held in December, the Government may look to frontload fuel reforms, which will be a positive for oil marketing companies.

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