Find out how brokerages are placing their bets on Sesa Goa, Ultratech and Bharti Airtel.
Here's how brokerages are trading Sesa Goa, Ultratech and Bharti Airtel.
Brokerage: Morgan Stanley
Target: Rs 240
Rationale: The market is appreciating the value that Sterlite brings from the merger. Other key positives for the company also include solid zinc assets, improved BALCO and power divisions and minority consolidation.
Target: Rs 1,381
Rationale: Ultratech’s plan to buy Jaypee Cements’ plant may prove to be a drag in the near term and may lead to a 5 percent downgrade in the earnings per share (EPS).
Target: Rs 360
Rationale: The stock should react positively to the improvements in operational key performance indicators (KPIs), which may be sustained over the next 12 months. The brokerage has also raised its FY14 and FY15 EPS estimates by 5-12 percent.