Moneycontrol Bureau Here are 21 stocks that brokerage firms' are watching outCholamandalam Investment Macquarie initiates coverage with outperform rating with target at Rs 1095 per share as it is expected to deliver higher-than-peer AUM growth of 17.5 percent CAGR over FY16-19. It says ROAs may rise from 2.2 percent now to 2.7 percent by FY19. It is likely to see a gradual reversal to normalcy in FY18.
EILIDFC maintains outperform with a target of Rs 190 per share as HPCL, Vizag order is a key order win. It says EIL will be key beneficiary of likely pick-up in hydrocarbon capex over 2-3 years.
HavellsMacquarie upgrades it to outperform from neutral with target cut to Rs 404 from Rs 418 per share as revenue growth should be supported by higher copper prices & market share gains. It says government initiatives on housing could add tailwinds in late FY18. It is cautious that recent correction builds in a near-term earnings hit.
BELCredit Suisse initiates coverage with outperform rating, target at Rs 1800 per share. It sees see 15/14 percent revenue/earnings growth on backlog of Rs 35,000 crore. It expects an average order inflow run rate of Rs 13,500 crore/year during FY17-19. Top & MidcapsDeutsche Bank’s midcaps top picks are CESC, Petronet LNG, Ramco Cements, REC, Shriram Transport and UPL. Among top large caps, its picks are Aurobindo, BPCL, Maruti, NTPC, SBI, Shree Cement, Tata Motors, TCS, Tech Mahindra, Vedanta India and YES Bank.
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