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Buy, sell, hold: 11 stocks you may focus on Q2 nos, Dhanteras

Macquarie has neutral call on Tech Mahindra but reduced target price to Rs 465 from Rs 502 per share. Pick-up in revenue and margin in arms could help the stock get re-rated.

October 29, 2016 / 10:16 IST
     
     
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    Moneycontrol BureauHere are investing tips on 11 stocks. Tech Mahindra Macquarie has neutral call but reduced target price to Rs 465 from Rs 502 per share. Pick-up in revenue and margin in arms could help the stock get re-rated. Deutsche Bank has a buy rating on the stock with target price at Rs 680/sh  

    ABB Macquarie maintains underperform rating and recommends switch to Cummins as stock is highly levered to private capex revival which is 18-24 months away.Bank of America Merrill Lynch maintains underperform with increased target to Rs 944 from Rs 861 per share asQ3 performance disappoints  on weak execution/ margin.

    USL Macquarie maintains underperform rating with target price of Rs 1771 per share as  valuation de-rating is imminent  on losing dominance.

    Maruti Macquarie has outperform call with target increased to Rs 6700 from Rs 4900  per share.Bank of America Merrill Lynch has a buy rating on the stock with target  increased to Rs 6530 from Rs 6235 per share.  

    Info Edge Macquarie maintains outperforms with target revised to Rs 1040 from Rs 1000 per share. Expects  stock to trade at a premium to established recruitment marketplaces. Bank of America Merrill Lynch reiterates buy call with target increased by 4 percent to Rs 994 per share and increased FY17/18 standalone EPS by 2.8/2.6 percent.   CLSA reiterates buy call with target at Rs 1050 per share as rowth softening has been  led by slow IT hiring. 

    Emami Macquarie has outperform call with target increased  to Rs 1386 from Rs 1280 per share.         

    TVS MotorCLSA maintains sell call with target increased to Rs 260 from Rs 240 per share. 

    Tata SteelCLSA says risk-reward is favourable to buy in current stock weakness. It retains buy call with target at Rs 500 per share.

    ONGC             CLSA downgrades it to underperform  from outperform  and  cuts FY17/18 EPS but raised target to Rs 285 from Rs 270 per share. Bank of America Merrill Lynch has a neutral call with target increased to Rs 292 from Rs 268 per share.        IOC Bank of America Merrill Lynch reiterates buy call with target at Rs 351 per share.      BEL Bank of America Merrill Lynch reiterates underperform call with target at Rs 1207 per share as strong Q2 operating margin  is likely to normalise in second half.

    first published: Oct 28, 2016 09:57 am

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