Why brokerages are bullish on NTPC, NMDC, Bata

Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.

NTPC Brokerage: Barclays Rating: Overweight Target: Rs 174 Rationale: 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 gain NMDC Brokerage: Citi Rating: Buy Target: Rs 120 Rationale: The company lowered lumps and fines prices by four percent in July. Citi expects  room for further downside in FY14 prices. Sail Brokerage: Credit Suisse Rating: Underperform Target: Rs 30 Rationale: They feel the debt is likely to rise, with capex still exceeding operating cash flows. Bata Brokerage: Nomura Rating: Buy Target: Rs 990 Rationale: They see over 16 percent upside potential given its stability and visibility of earnings growth.