Brokerage calls: How to trade Sesa Goa, Ultratech, Bharti
Find out how brokerages are placing their bets on Sesa Goa, Ultratech and Bharti Airtel.
September 06, 2013 / 13:13 IST
Here's how brokerages are trading Sesa Goa, Ultratech and Bharti Airtel.
Sesa GoaBrokerage: Morgan Stanley
Rating: Overweight
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. UltratechBrokerage: Macquarie
Rating: Underperform
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). Bharti AirtelBrokerage: Nomura
Rating: Buy
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. 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!
