Moneycontrol Bureau Here are 6 stocks that analysts are watching out.DLFCiti maintains sell call on the stock with target slashed to Rs 107 versus Rs 115 per share earlier expecting 5-7 percent cut in FY17-19 EPS. It says cash burn still continues in business as consolidated debt has increased further as cyber city transaction delayed further.
J KumarCLSA reiterates buy rating despite a weak Q2 and maintains target of Rs 330 per share. It expects strong backlog to drive growth in coming years. It cuts EPS estimate for FY17-19 by 2-9 percent as strong growth ahead and stock looks cheap at 8 times FY18
SBIBank of America Merrill Lynch raises target to Rs 320 from Rs 310 per share including subsidiaries value. The deal values 100 percent of SBI Life at USD 6.8 billion versus earlier estimate of USD 5.5 billion. It has raised EPS by 10 percent for FY17 factoring in capital gain from stake sale. It says for every 10 basis points (bps) decline in bond yields.
JSPLCredit Suisse has cut target Rs 96 from Rs 110 per share as management expects normalisation post demonetisation by February. It has lowered volume/ASP assumptions over the near-term.
Reliance CommunicationCredit Suisse reiterates underperform stance on the stock with earnings estimates cut by up to 86 percent. It factors in weakness in numbers and rising competitive intensity. It has cut target Rs 30 from Rs 40 per share.
NMDCICICI Securities maintains buy call with target increased to Rs 140 from Rs 105 per share as the company continues to report strong buoyancy in volumes with dispatches. It has increased valuation of steel plant to Rs 40 per share from Rs 20 per share.
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