Moneycontrol Bureau Here are stocks that analysts are watching out today. Reliance IndustriesDeutsche Bank has buy call on the stock with target price increased to Rs 1235 per share as Q3 results were ahead of consensus expectations, with highest ever net profit.
CLSA reiterates buy call and it is top pick in the sector. It says there is a good chance of Jio being made a paid service from April.
Bank of America Merrill Lynch maintains buy rating on the stock with target price at Rs 1200 per share. It says with capex slowing, cash generation from new projects, the company should be free cash flow positive in FY19.
Citi has a buy call on the stock with target price set at Rs 1235 per share as forecasting core (ex-Jio) EBITDA CAGR of 19 percent over FY17-19. It stays upbeat on the company's core earnings momentum.
Nomura maintains buy call on the stock with target price at Rs 1260 per share as outlook remains positive on core refining/petchem business.
Goldman has buy call on the stock with target price at Rs 1210 per share. It has updated FY17 EPS by 0.5 percent to reflect in Q4. It thinks new projects may drive FY16-19 earnings CAGR of 11 percent.
LIC Housing FinanceMorgan Stanley has equal-weight rating with target at Rs 560 per share as home loan growth moderated. It expects margin to come under pressure in FY18.
Bank of America Merrill Lynch maintains buy rating with target at Rs 655 per share as stable earnings growth, margins higher and asset quality is stable. It says improvement in margin was driven by change in liability mix in favour of bonds.
Nomura maintains buy rating with target unchanged at Rs 700 per share. It says cut in MCLR and mortgage rates by banks will impact mortgage spreads. It adds that re-financing may impact company’s s core mortgage growth as well.
JP Morgan is overweight on the stock with target at Rs 650 per share as it feels rate cut impact on NIM will be muted in the short-term.
IDFC has downgraded it to neutral with target cut to Rs 600 from Rs 670 per share. It says there will be pressure on yields on individual home loans. It has cut earnings by 5 percent for FY18.
DHFLNomura has buy call on the stock with target at Rs 375 per share on 19 percent AUM growth supported by disbursement growth & lower prepayments. It expects NIMs to come under pressure.
Bajaj AutoMorgan Stanley remains underweight but increased target to Rs 2502 from Rs 2374 per share. It says given aggressive pricing, the company can sell 6,000-7,000 units of Dominar per month. It has lowered FY18 & FY19 EPS by 3 percent and 4 percent given weak exports.
ITCDeutsche Bank reiterates buy call with a target price of Rs 290 per share as it has recently increased price of Gold Flake 69 mm to Rs 90 per pack of ten from Rs 78.Disclaimer: Reliance Jio is a part of Reliance Industries that owns Network 18 Media & moneycontrol.com
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