Moneycontrol Bureau Here are three stocks that brokerage firms are bullish on and 1 stock they recommend to sell.
Dr Reddy’sCLSA retains outperform rating stating that the next two quarterly results will provide direction towards FY18 earnings. US approvals in H2FY17 to drive operating leverage. Favourable litigation outcome may lead to an early launch & lift FY18-19 EPS.
Yes BankBank of America Merrill Lynch reiterates buy with a target of Rs 1590 per share, stating it has potential for a re-rating. Capital should not hamper near-term growth and retail story. Quality of earnings growth will also become more granular and believes net profit trajectory could be over 30 percent CAGR in FY17-19.
Bajaj FinanceJP Morgan maintains overweight with target increased to Rs 460 from Rs 400 per share as strategic initiatives position it well to capture growth revival.
Bajaj Finance JP Morgan has neutral call on the stock with a target at Rs 1120 per share on competition in zero Emi may start to catch up ahead of festive sales.
Bharat ForgeKotak has downgraded it to sell from add and target cut to Rs 835 from Rs 840 per share. It says negative near-term outlook led by headwinds in domestic commercial vehicles and exports segments. It adds street estimates are not factoring in impact of a cyclical slowdown in core sectors.
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