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Buy, sell, hold: 12 stocks to focus before it's too late

Here are stocks that brokerage firms recommend for long term. Nomura maintains buy on Maruti with increased target price to Rs 6630 from Rs 5581 per share as its premiumisation strategy is paying off with rich dividends.

October 25, 2016 / 15:42 IST
     
     
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    Moneycontrol Bureau Here are stocks that brokerage firms recommend for long term.MarutiNomura maintains buy on the stock with increased target price to Rs 6630 from Rs 5581 per share as its premiumisation strategy is paying off with rich dividends.  It is seeing strong surge in market share in premium hatchback, SUV and sedan segments and festive season is witnessing waiting periods for almost all company models. CiplaNomura has a buy call on the stock with a target price at Rs 605 per share.

    HCL TechNomura has a buy call with target price increased to Rs 1010 from Rs 975 per share. Tata GroupBank of America Merrill Lynch has underperform rating on TCS with target at Rs 2375 per share. It has a buy rating on Tata Motors with target at Rs 625 per share and underperform rating on Tata Power with  target at Rs 72 per share. It has neutral on Titan with target at Rs 415 per share and underperform rating on Voltas with target at Rs 315 per share. It has buy on Tata Communication with a target of Rs 764 per share. IdeaBank of America Merrill Lynch has a neutral rating with target at Rs 85 per share as Q2 revenue in-line with estimates and 1.3 percent below consensus. Deutsche Bank maintains buy rating on the stock with target at Rs 131 per share as valuation at 5.1x FY17E EV/EBITDA is attractive. JP Morgan is neutral on the stock with target at Rs 85 per share.Credit Suisse maintains underperform with target at Rs 55 per share on given high financial leverage and miss gets magnified at the profit level. It remain cautious on the stock. Adani PortsMorgan Stanley is underweight on the stock with target at Rs 260 per share expecting that it will rise relative to the industry over the next 60 days.

    Adani EnterprisesIDFC has an outperform call on the stock with target at Rs 84 per share as improvement in coal trading volumes a key positive while lower other income and lower agro business profits key negatives. It has downgraded 27.7/8.5 percent in FY17/FY18 earnings on lower treasury income.Bharti InfratelCredit Suisse maintains neutral rating on the stock with higher other income and lower taxes led to a 35 percent beat on profits. Stock is fairly valued given stable cash flow & growth potential

    first published: Oct 25, 2016 12:16 pm

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