Moneycontrol BureauHere are 5 crucial stocks that analysts are watching outHDFC CLSA maintains buy call with target price increased to Rs 1630 from Rs 1570 per share. Its retail loan growth offset by the uptick in corporate loan growth and asset quality was partly impacted by demonetization.
IdeaIDFC maintains underperform rating on the stock but pricing pressure would continue for next 6-9 months. It says sharp upmove in stock leaves limited room for returns hereon.
Godrej ConsumerCLSA has an outperform call with target at Rs 1790 per share as good Q3 results were led by acquisitions in international business and margin expansion. It says January is seeing improvement after a modest December.
Deutsche Bank has a buy rating with a target at Rs 1610 per share as India and Indonesia in-line.
Tech MahindraCLSA maintains sell but upgrades earnings by 3 percent and target by 5 percent at Rs 450 from Rs 430 per share. It says deal wins at total contract value of USD 350 million were healthy.
Bank of America Merrill Lynch reiterates underperform with target at Rs 445 per share as margins were below estimate on lack of operating leverage in telecom. It says every 10 percent hike in H-1B wages can hurt earnings by 12 percent. It has cut FY17 EPS estimates to Rs 35.12 from Rs 35.77.
Nomura remains neutral with target increased to Rs 500 from Rs 490 per share and EPS is raised by 2-3 percent on Q3 beat.
Deutsche Bank maintains company as a top buy along with TCS. It has set target for the stock at Rs 730 per share as revenue recovery under way; margin improvement to follow.
Citi maintains sell as questions remain around margin uptick in FY18 and target for the stock at Rs 445 per share as immigration reform remains a sectoral risk to watch out for.
Macquarie maintains neutral with a target of Rs 474 per share as steps to improve subsidiaries’ margins to yield results in mid-term.
Goldman Sachs is neutral on the stock with target increased by 7 percent to Rs 980 per share. It has raised FY17-19 EPS by 2-10 percent factoring in higher loan growth.
EmamiDeutsche Bank has a hold rating with target at Rs 1110 per share as it will be cautious to take further price hikes.
CLSA has underperform rating with target cut to Rs 1085 from Rs 1115 per share.
Goldman Sachs is neutral on the stock with target cut to Rs 1041 from Rs 1069 per share.
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