Buy, sell, hold: 11 stocks analyst are watching out

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Moneycontrol Bureau Here are 11 stocks that analysts are watching out today. Autos Macquarie is bullish on Tata Motors on JLR. It says Maruti is best play on Indian auto growth. It prefers Eicher among two-wheeler stocks.

USL JP Morgan is overweight on the stock with target at Rs 2500 per share as operating performance better than expectations despite demonetisation. It continues to deliver on its strategic intent of focusing on premium.brands. It says franchise model for select popular  brands will improve operating model. Morgan Stanley is overweight on the stock with target at Rs 2900 per share as overall revenue growth of 3 per share us driven  by 'Prestige & above' segments. It says key positive in Q3 is gross  margin expansion. Its key negative for the quarter is 20 percent growth in other expenditure.

Motherson Sumi Credit Suisse has upgraded it to neutral from underperform with target increased to Rs 300 from Rs 270 per share. It has raised earnings by 5 percent/8 percent to build in PKC acquisition and dilution. CLSA has maintained buy call with target at Rs 375 per share as PKC acquisition a strategic fit. It will help co expand its footprint.

Voltas Credit Suisse maintains neutral call with target unchanged at Rs 335 per share as demonetisaiton impact is likely to be  smaller than what we had built in. Its margin estimates at 12.5 percent have little buffer given pressure from commodities.

UltraTech Credit Suisse maintains underperform with target unchanged at Rs 2900 per share as volumes surprise positively. It expects power cost to increase  by at least 10 percent in Q4.

CLSA maintains outperform with volume better but realisations slightly lower in Q3. It prefers the company in the sector given its pan  India presence & its focus on cost.

Canara Bank CLSA maintains sell call with target increased  to Rs 230 from Rs 220 per share as slippages are stabilising, but its  stressed loan ratio remains high.

Persistent Citi has a sell call on the stock with target at Rs 585 per share as quarterly trend tend to be volatile. It says valuations do not provide comfort at current levels.

Amara Raja Equirus is underweight on the stock with target at Rs 876 per share as consensus estimates for both FY17/18  ahead of reality and cuts will happen.

Nomura has retained buy call with target unchanged at Rs 1178 per share as demonetisation and pricing challenges in industrial segment impacted Q3 earning. It sustained growth trajectory in four- wheeler replacement market is a key positive.