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Buy, sell, hold: 7 key stocks that you should focus now

Credit Suisse has maintained neutral call on Reliance with target cut to Rs 1035 from Rs 1055 per share as Jio's user-base could grow to 7 crore from 5.2 crore by December-end.

December 02, 2016 / 19:39 IST
     
     
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    Moneycontrol Bureau Here are 7 key stocks that analysts are keeping an eye today. Auto stocks Deutsche Bank has a have a buy call on Ashok Leyland with target at Rs 98 per share and hold rating on Tata Motors and Eicher Motors with target of Rs 500 and Rs 20000 respectively. It has a buy rating on M&M with target at Rs 1400 per share.

    Maruti, Eicher and Tata Motors preferred picks of Nomura.

    Coal IndiaMacquarie reiterates underperform with target at Rs 270 per share as with flat volume in 8MFY17, 3 percent YOY FY17 estimate appears a tall order. It says demonetisation e-auction bookings impact may be seen in Dec-Jan volumes. It says earnings downgrade should continue with downward revision of volume estimates.

    Citi has a buy call on the stock with target at Rs 360 per share as despatch growth was in November despite a high base. It says slightest turn in demand scenario would spin pricing, volumes & margins.

    Nomura has a buy call on the stock with target Rs 345 per share.

    Morgan Stanley has underweight rating with target at Rs 268 per share as dispatches improved but still lag the target.

    Reliance Industries

    Credit Suisse has maintained neutral call with target cut to Rs 1035 from Rs 1055 per share as Jio's user-base could grow to 7 crore from 5.2 crore by December-end.

    Morgan Stanley is overweight on the stock with target at Rs 1280 per share as Jio's data size is four times the rest of the operators. It expects Jio to garner revenue of USD 3.3 billion in FY18 with average subscribers of 6 crore.

    CLSA has raised FY17 EPS by 5 percent and retains conviction buy with a target of Rs 1350 per share.(Reliance Jio is a part of Reliance Industries that  owns Network 18 Media & moneycontrol.com)

    first published: Dec 2, 2016 09:59 am

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