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

Brokerage: 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.

Infosys

Brokerage: 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 Buildcon

Brokerage: 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.

Autos

Brokerage: 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.