Houseviews: Brokerage calls on Tata Motors, Punj Lloyd
RBS recommends buying Tata Motors with a target of Rs 1,401. JLR July sales volume disappointed primarily due to a decline in Jaguar sales volume and a surprising slip in Land Rover sales . However, given the advance order book position of Evoque, numbers should improve, driven by Land Rover.
August 17, 2011 / 11:19 IST
RBS recommends buying Tata Motors with a target of Rs 1,401. JLR July sales volume disappointed primarily due to a decline in Jaguar sales volume and a surprising slip in Land Rover sales . However, given the advance order book position of Evoque, numbers should improve, driven by Land Rover.
Macquarie retains its underperform rating on Punj Lloyd with a target of Rs 50. Rising auditor qualification remains a matter of grave concern. while the company remains hopeful of recovering its disputed claims, significant balance sheet risks exist. Check out: Angel Broking's views on SBI, Infy, Tata Motors Credit Suisse maintains its neutral stance on Lanco Infra, but has cut its target to Rs 26 from Rs 34. Gearing is already high and if poor results persist it would further deteriorate Lanco's cash flows. The potential negative outcomes on ongoing litigations at Amarkantak-II, Griffin and Udupi continue to remain key concerns. Macquarie has downgraded IVRCL Infra to underperform and cut its target to Rs 35 from Rs 99. Concerns remain over execution, worsening working capital and the equity shortfall at the subsidiary level.Tulsian's cherry picks: Swaraj Engines, Piramal Glass Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
