Moneycontrol BureauHere are 6 stocks that brokerages are betting on Monday.Coal IndiaMacquarie has underperform rating with target at Rs 252 per share as it sees downside risk to volume and price estimates.
Goldman Sachs maintains buy call with a target of Rs 360 per share as increase in coking coal prices augurs well for margins. It is expecting 5-13 percent higher EBITDA for FY17-19. It forecasts 7 percent production CAGR over the next ten years.
Citi has a buy rating on the stock with target increased to Rs 375 from Rs 360 per share, raising FY18-19 earnings by 4-8 percent. It says price hike helps offset the impact of muted e-auction price trends.
Credit Suisse maintains outperform rating with target increased to Rs 395 from Rs 370 per share. It estimates 5-7 percent higher FY17-19 earnings per share.
Nomura has a buy rating with target at Rs 345 per share as coking coal price hike may increase EPS by Rs 3.
CLSA has a sell rating on the stock with target increased to Rs 280 from Rs 260 per share. It says price hike in FY18 looks unlikely given two price hike in FY17.
AutosCredit Suisse maintains neutral call on Maruti and M&M with target at Rs 4900 and Rs 1340 per share respectively. It says Maruti's entry into compact crossovers means further competition for M&M.
MCXICICI Securities maintains buy call on the stock with target price at Rs 1201 as price hike offsets demonetisation impact.
CLSA has raised target price to Rs 650 from Rs 585 per share on significant improvement expected in both JLR and India business. The pound has depreciated 17 percent since January 2016 and benefits of pound depreciation will flow through into JLR's margins. It expects JLR margin to improve to 16 percent by FY19.
Crompton GreavesCredit Suisse has initiated coverage with outperform rating. It expects higher focus on product range expansion, distribution & cost reduction. It expects 23 percent earnings CAGR over FY17-19.
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