Why brokerages are bullish on NTPC, NMDC, Bata
Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.
July 04, 2013 / 12:29 IST
Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.
NTPCBrokerage: BarclaysRating: OverweightTarget: Rs 174Rationale: has an on with a target of 174. They view the allotment of four coal blocks as a positive over the long-term. However, they expect mining to commence only at the end of the 13th plan period. Also read: 6 trading stocks for short term gainNMDCBrokerage: CitiRating: Buy Target: Rs 120Rationale: The company lowered lumps and fines prices by four percent in July. Citi expects room for further downside in FY14 prices.SailBrokerage: Credit SuisseRating: UnderperformTarget: Rs 30Rationale: They feel the debt is likely to rise, with capex still exceeding operating cash flows. BataBrokerage: NomuraRating: Buy Target: Rs 990Rationale: They see over 16 percent upside potential given its stability and visibility of earnings growth. 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!
