Buy, Sell, Hold: 4 stocks on analysts radar today

Titan

Brokerage: Deutsche Bank | Rating: Buy | Target: Raised to Rs 625

The global financial services firm said that Titan was its preferred pick in consumer discretionary space. The company is on a cruise mode with a combination of tailwinds and demonetisation. It observed that a decline in jewellery volumes due to high volatility in gold price is the key risk to the stock.

Brokerage: Citi | Rating: Buy | Target: Raised to Rs 665

Citi said that growth in watches business disappointed as activations postponed while exports were soft. Further, it expects decent traction in eyewear business from Q2 onwards. Adverse regulations, it said, could be a key risk to the stock.

Brokerage: Morgan Stanley | Rating: Overweight | Target: Raised to Rs 665

The research firm said that FY19 consensus earnings estimates will rise by over 15 percent. Further, a rapid market share gain owing to GST is the next potential catalyst for the company. It is factoring in a 24% jewellery revenue CAGR in fy17-20e driving a 29% earnings CAGR.

Brokerage: BofAML | Rating: Underperform | Target: Rs 475

The brokerage believes that the stock is likely baking in high hopes. The current valuation, it added, leaves minimal room for error.

Brokerage: Credit Suisse | Rating: Outperform | Target: raised to Rs 635

The firm said that Titan continues to see success on its jewellery strategic initiatives and is targeting 20 percent CAGR over the next five years. Further, it sees a strong quarter for jewellery even adjusted for preponed pre-GST sales.

Colgate

Brokerage: Nomura | Rating: Buy | Target: Raised to Rs 1,260

Nomura sees strong growth ahead for Colgate, with volumes likely to see strong resurgence. It expects the company to be hit hard due to GST uncertainty and resultant price cuts. It also expects Colgate’s growth trajectory to pick up on low base effect and strong pipeline. Further, it believes that loss of market share due to strong competition is out of the way.

Brokerage: Credit Suisse | Rating: Neutral | Target: Raised to Rs 1,090

The brokerage said that the volume decline is contained, but the market share loss continues. Further, it looks for market share stability as a key trigger for the stock.

Brokerage: CLSA | Rating: Sell | Target: Raised to Rs 1,000

CLSA said that the volume of -5 percent was in line, but much better than some peers. Industry reports, however, said that it continues to indicate market share losses.

Ramco Cements

Brokerage: CLSA | Rating: Sell | Target: Rs 625

CLSA said that the cement volume growth tapered off to six quarter low of 4 percent year on year.

Lupin

Brokerage: CLSA | Rating: Outperform | target: Cut to Rs 1,100

CLSA said that a bunch of mid-sized product will provide support in the near term. Further the June quarter results were 17 percent below estimates due to pricing pressure in top US products. Further, dependence on top two products is coming off gradually, it added.