September 30, 2013 / 12:45 IST
Marico
Brokerage: Citi
Rating: BUY
Target: Rs 270
Rationale: The brokerage estimates 7-8 percent volume growth in Parachute in FY14, 12-13% vol growth in Saffola in FY14 and expects rural demand to continue to hold.
State Bank of IndiaBrokerage: Macquarie
Rating: NEUTRAL Target: Rs 1550
Rationale: The brokerage believes management change is not good for stock in near-term and has concerns over SBI's selection process. It believes the management change is disruptive with respect to strategizing and policy making.
Mahindra and Mahindra FinancialBrokerage : Deutsche Bank
Rating: BUY
Target: Rs 200
Rationale: The brokerage believes the Nashik branch visit shows buoyant sentiment while sentiment is positive given good monsoons. The NBFC has stringent processes to ensure loan quality good and rising prosperity in semi-urban & rural India is yet another positive.
Kotak Mahindra Bank Brokerage : Barclays
Rating: OVERWEIGHT
Target: Rs 733
Rationale: The management believes loan growth will remain muted and the recent branch de-listing is a significant opportunity. It also believes the conservative approach is a positive in the current environment.
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