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HomeNewsBusinessStocksBuy, Sell, Hold: 4 stocks and 1 sector in focus on April 2, 2018

Buy, Sell, Hold: 4 stocks and 1 sector in focus on April 2, 2018

Adani Ports, Maruti Suzuki and Infosys, among others, are on investors’ radar on Monday.

April 02, 2018 / 08:52 IST
The benchmark index Sensex gained 15 percent in the last 1-month. Moneycontrol tried to find out the stock which is in momentum trades and outperformed the benchmark index but still trading 70 percent below their 52-week high. From the BSE 500, 10 stocks make the cut. Data Source: ACE Equity.
     
     
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    Adani PortsBrokerage: Goldman Sachs | Rating: Buy | Target: Cut to Rs 487

    Goldman Sachs sees the firm and SEZ gaining market share gains despite volume uncertainty at Mundra. It has lowered estimates for Coal volume at Mundra for FY18 to 12 million tonnes from 14.5 million tonnes. It further believes that recent stock underperformance is overdone and provides a chance to build positions.

    MarutiBrokerage: Goldman Sachs | Rating: Buy | Target: Rs 10,702

    The global research firm said that Suzuki-Toyota alliance has deepened with mutual supply agreement. Further, production disruption, delay in plant 2 & 3 openings in Gujarat are key risks.

    Brokerage: UBS | Rating: Buy | Target: Rs 11,000

    UBS believes that the company remains a net gainer from Suzuki-Toyota partnership. It also sees cannibalisation of existing sales of Baleno & Brezza to be limited. Having said that, the company is its top pick in the Indian auto space and see further market share gain.

    InfosysBrokerage: BofAML | Rating: Buy | Target: Rs 1,300

    The bank believes that Infosys’ Q4 is likely to record an acceleration in revenue growth to 6 percent year on year in CC terms. It expects FY19 revenue guidance at 6-8% yoy in CC terms. The current forex rates, it said, are expected to provide a small year on year margin support in FY19.

    Dilip BuildconBrokerage: BofAML | Rating: Initiate Coverage with Buy | Target: Rs 1,244

    The bank said that superior execution will underpin a scaling up. While EPS estimates is in-line with Street, FY19-20 EBITDA estimates are 7-14% ahead. Retrospective taxes and delay in cash flows for HAM asset sales key risks for the stock.

    AutosBrokerage: Nomura

    The global research firm said that healthy demand sustained for PVs, 2-Wheelers & M&HCVs For March. Further, the Centre’s focus on improving rural income is a positive for increasing demand. It expects 2-wheeler industry growth to remain strong at 22% YoY. Ashok Leyland’s Margin May See Upside Due To Price Hikes. Meanwhile, Maruti in its view, will continue outperforming industry with over 15% growth.

    Moneycontrol News
    first published: Apr 2, 2018 08:52 am

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