What are brokerages suggesting for Tata Motors, Titan, Wockhardt, Essar Oil, Escorts

What are brokerages suggesting for Tata Motors, Titan, Wockhardt, Essar Oil, Escorts
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What are brokerages suggesting for Tata Motors, Titan, Wockhardt, Essar Oil, Escorts
  • 
	Tata Motors 

	Brokerage: CLSA

	Rating: Buy

	Target: Rs 380

	Rationale: Continued robust demand for JLR's recent launches & improvement in China volume growth helped July sales. They expect JLR's strong volume momentum to continue in FY14.

    Tata Motors Brokerage: CLSA Rating: Buy Target: Rs 380 Rationale: Continued robust demand for JLR's recent launches & improvement in China volume growth helped July sales. They expect JLR's strong volume momentum to continue in FY14.

  • 
	Titan

	Brokerage: Goldman Sachs

	Rating: Neutral

	Target: Rs 260

	Rationale: They add that policy uncertainty continues to rise with multiple changes in funding guidelines for gold imports and customs duties.

    Titan Brokerage: Goldman Sachs Rating: Neutral Target: Rs 260 Rationale: They add that policy uncertainty continues to rise with multiple changes in funding guidelines for gold imports and customs duties.

  • 
	Wockhardt

	Brokerage: Citi

	Rating: Buy

	Target: Rs 865

	Rationale: They expect the Chikalthana plant, under USFDA scanner now,  to bear more heavily in the near term, given that it accounts for 25 percent of revenues. Regulatory compliance remains the key to medium-term stock outlook.

    Wockhardt Brokerage: Citi Rating: Buy Target: Rs 865 Rationale: They expect the Chikalthana plant, under USFDA scanner now,  to bear more heavily in the near term, given that it accounts for 25 percent of revenues. Regulatory compliance remains the key to medium-term stock outlook.

  • 
	Essar Oil 

	Brokerage: Credit Suisse

	Rating: Underperform

	Target: Rs 52

	Rationale: With gross refining margins at 8 dollars a barrel, another poor quarter could put significant pressure on its finances.

    Essar Oil Brokerage: Credit Suisse Rating: Underperform Target: Rs 52 Rationale: With gross refining margins at 8 dollars a barrel, another poor quarter could put significant pressure on its finances.

  • 
	Escorts

	Brokerage: ICICI Direct

	Rating: Sell

	Rationale: Multiple downgrades in the past was due to the lack of confidence on performance and would therefore, like to stay away from 10 percent return on equity business.

    Escorts Brokerage: ICICI Direct Rating: Sell Rationale: Multiple downgrades in the past was due to the lack of confidence on performance and would therefore, like to stay away from 10 percent return on equity business.

  • 
	Tata Motors 

	Brokerage: CLSA

	Rating: Buy

	Target: Rs 380

	Rationale: Continued robust demand for JLR's recent launches & improvement in China volume growth helped July sales. They expect JLR's strong volume momentum to continue in FY14.
  • 
	Titan

	Brokerage: Goldman Sachs

	Rating: Neutral

	Target: Rs 260

	Rationale: They add that policy uncertainty continues to rise with multiple changes in funding guidelines for gold imports and customs duties.
  • 
	Wockhardt

	Brokerage: Citi

	Rating: Buy

	Target: Rs 865

	Rationale: They expect the Chikalthana plant, under USFDA scanner now,  to bear more heavily in the near term, given that it accounts for 25 percent of revenues. Regulatory compliance remains the key to medium-term stock outlook.
  • 
	Essar Oil 

	Brokerage: Credit Suisse

	Rating: Underperform

	Target: Rs 52

	Rationale: With gross refining margins at 8 dollars a barrel, another poor quarter could put significant pressure on its finances.
  • 
	Escorts

	Brokerage: ICICI Direct

	Rating: Sell

	Rationale: Multiple downgrades in the past was due to the lack of confidence on performance and would therefore, like to stay away from 10 percent return on equity business.

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