Brokerage Views: Buy Tata Motors, Axis Bank, NMDC

Here are how brokerages are trading the following stock:

Tata Motors
Brokerage: Barclays
Rating: OVERWEIGHT
Target: Rs 368
Rationale: The upgrade is based on improvement in JLR performance in Europe added by signs of recovery in US, and volume strength in China.

Axis Bank
Brokerage: Citi
Rating: BUY
Target: Rs 1080
Rationale: The valuations, capital cushion and broader banking platform helps the stock. Bond challenge could reverse or moderate with time.

NMDC
Brokerage: Barclays
Rating: OVERWEIGHT
Target: Rs 154
Rationale: The brokerage doesn’t see further capping of iron-ore production volumes in Karnataka in the near future. Domestic iron-ore fines are now at 17% discount to export-parity prices at current exchange rate levels.  This should provide a cushion to NMDC over any correction in global iron ore prices.

HDIL
Brokerage: Bank of America Merill Lynch
Rating: UNDERPERFORM
Target: Rs 30
Rationale: Mumbai continues to struggle in housing sales. The brokerage does not foresee HDIL achieve its guided figure of Rs 3000 crore in the near-future.