Moneycontrol BureauHere are six stocks that brokerages are watching outPetronet LNGCiti maintains buy rating but remains sanguine on long-term outlook with target price for the stock at Rs 422 per share.
JPMorgan is underweight on the stock with target at Rs 240 per share as Q2 is seasonally a strong quarter for the company.
Deutsche Bank has buy call with target increased by 14 percent to Rs 415 per share as it saw highest ever EBITDA on strong volume growth. It has increased FY17-19 EPS estimates of 4-13 percent.
Goldman Sachs expects stock to react positively to the strong beat on Q2. CIMB retains reduce rating with target maintained at Rs 280 per share as Q2 outperformance driven by higher volumes and better mix at Dahej. It says any upside on volatility cannot be taken as sustainable.
DLFDeutsche Bank has a hold rating on the stock and cuts its earnings by 8-14 percent and lowered target by 13 percent to Rs 130 per share. It has cut EPS estimate by 8 percent/14 percent/ 14 percent for FY17/18/19.
MaricoMacquarie says recent correction provides a good entry point with target price at Rs 306 per share. The management expects volume growth of 5-7 percent in coconut oil and double-digit volume growth in value-added hair oil.
Hero MotoMacquarie has a 12-month target price at Rs 3500 per share as demand would normalise as liquidity improves.
MarutiMacquarie maintain outperform with target at Rs 6700 per share on order backlog may cushion near-term demand impact. It says Maruti is well poised to deliver strong volume & earnings growth. Godrej ConsumersMacquarie maintains outperform, rating with target at Rs 1762 as due to demonetisation hair colour could be most impacted and soaps least.
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