Buy, sell, hold: 12 stocks that may fetch good returns

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Moneycontrol Bureau Here are 12 stocks that analysts are focussing on today.BritanniaJP Morgan has initiated coverage with an overweight rating; target at Rs 3500 per share expecting growth rates to improve over FY18. It says current level is a good entry opportunity for investors. It expects revenue momentum to sustain a 13 percent CAGR.

HULJP Morgan has a neutral call with target at Rs 890 per share as volume growth rates will likely bottom in FY17. It says gradual recovery should be in place starting FY18.CLSA maintains outperform with a target price of Rs 925 per share. It says recovery is expected to be led by urban markets a southern region starts recovering due to higher banking density. Morgan Stanley remains underweight on the stock with target price at  Rs 750 per share demonetisation is likely to reduce working capital. It says expectation of sharp demand recovery in Q4 may spur promotional intensity.

Tata SteelJP Morgan is overweight with target at Rs 490 per share. Morgan Stanley is  also overweight on the stock; with target price at Rs 472 per share.

CementsJP Morgan remains overweight on UltraTech. It has initiated coverage on Shree Cements with a neutral call with a target of Rs 15700 per share. It has cut target on ACC cut to Rs 1500 from Rs 1600 per share. It has also slashed Ambuja Cement to Rs 250 per share.

IdeaMorgan Stanley is underweight rating on the stock with target at Rs 60 per share

Oil IndiaCLSA has increased to Rs 510 from Rs 450 per share as Q2 net profit missed estimate by 3 percent. It continues to model subsidy burden above Rs 12 per litre of kerosene price. It says target price is increased to maintain a buy call on the stock.

Sadbhav Engineering CLSA has a buy call with target cut to Rs 345 from Rs 370 per share. It has cut EPS by 5-9 percent over FY17-19 on slower orders/execution. IOCCLSA reiterate buy call on the stock with  target at Rs 405 per share.

Bharat Financial Morgan Stanley is overweight on the stock as  it is showing good progress post demonetization.

HathwayMorgan Stanley maintains overweight on the stock with  target price raised  to Rs 49 per share. It has increased  FY17-19 revenue on back of higher activation and  broadband revenue. It finds valuation to be cheap, given its expected growth profile.