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Last Updated : Nov 10, 2017 12:08 PM IST | Source: CNBC-TV18

Buy, Sell, Hold: 5 stocks being tracked by analysts today

Tata Motors, Dr Lal and Page Industries, among others, are on the radar of investors on Friday.

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  • nselive
Todays L/H

Tata Motors

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 575

Motilal Oswal said that the company had a strong performance at both JLR & India business. Further, it highlighted that the management maintained 10% retail growth guidance for FY18, while forex hedge losses could reduce from the fourth quarter. The brokerage upgraded consolidated EPS estimate by 23 percent and 6 percent for FY18 and FY19. It is building in margin expansion at JLR & S/A business.


Brokerage: BofAML | Rating: Buy | Target: Raised to Rs 535

The research firm said that results were in line with expectations and margins for both JLR and India improved due to higher volumes and cost controls. Further, second half is likely to be stronger on scale-up of new launches along with lower realised forex losses and continued improvement in India business.

Brokerage: Credit Suisse | Rating: Outperform | Target: Rs 560

The brokerage house said that margin beat at JLR and domestic levels was seen and it has raised these estimates by 100 bps but reduced JLR volumes marginally.


Brokerage: BofAML | Rating: Underperform

The global financial services firm said that Q2 Profit was 22% behind our estimates and it also said that adjusted marketing margins also declined 17% QoQ. It expects the firm to benefit from further inventory gains in Q3.

Brokerage: Credit Suisse | Rating: Neutral

The brokerage reiterated the positive view on IOC and BPCL and said that the firm’s first half marketing volume was weaker than IOC. Further, rising net debt and falling return on capital makes it stay neutral.

Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 525

The global financial services firm said that weak refining performance led to a miss in GRMs. Further, it added that refining margin was higher at $7.60/bbl due to an inventory gain of about $2.1/bbl.

Brokerage: Morgan Stanley | Target: Rs 597

Morgan Stanley said that core refining margin was 7 percent below its estimates, while adjusted marketing margin decline 10% seasonally on a qoq basis.

Dr Lal

Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 1,270

CLSA said that the company had a clear strategy on pursuing volume growth. Further, it reported strong q2 numbers despite a high base last year and an improvement in volume growth resulted in an operating leverage benefit.

Jagran Prakashan

Brokerage: CLSA | Rating: Buy | Target: Rs 205

CLSA observed that print ad was hit by GST, while radio & digital expansions underway. It cut forecasts by 3-11%, but the firm still offers a 13% earnings CAGR.

Page Ind

Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 25,580

The brokerage house said that company’s strong earnings traction continues; deserves high valuation. Unlike Retail Peers, the firm has shown ability to maintain strong double-digit volume growth, the broking firm said.

Brokerage: Credit Suisse | Rating: Downgrade to Underperform | Target: Raised to Rs 18,500

The brokerage house said that the downgrade was based on the valuation as stock trades at 60x FY19e Earnings. It still likes the structural story of the firm.

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First Published on Nov 10, 2017 09:07 am
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