Brokerage: Goldman Sachs | Rating: Neutral | Target: Rs 2,232
The global brokerage house raised estimates for earnings per share for FY18/19/20 by 1/3/4 percent.
Brokerage: Goldman Sachs | Rating: Upgrade to Neutral from Sell | Target: Rs 799
Goldman Sachs said that the stock looks fairly valued at the current levels.
Brokerage: Goldman Sachs | Rating: Downgrade to Sell from Neutral | Target: Rs 238
The research firm said that it sees EPS growing at CAGR of 3 percent over FY17-20. Further, it believes that headwinds for the stock could be an underperformance in quarterly earnings and market share loss.
Brokerage: Jefferies | Rating: Buy | Target: Raised to Rs 280
The global research firm said that the EPS could grow at a CAGR of 13 percent over FY17-21, while the utilization from its Kochi unit may rise to 11/29/39 percent in FY19/20/21.
Brokerage: Bank of America Merrill Lynch | Rating: Buy | Target: Rs 515
The global research firm said that the second half of this fiscal could improve on new product launches and change in the hedging policy. The company could also see production ramp up to be quicker in the future.
Brokerage: CLSA | Rating: Buy | target: Rs 560
CLSA said that ICICI Pru was among its top picks in the sector and sees RoEV of 17-19 percent in FY18-20. The company is also well capitalized with a solvency ratio of 290 percent. A cut in dividend payout, it added, would improve the EV growth.
Brokerage: CLSA | Rating: Buy | Target: Rs 270
CLSA expects pumps biz to post 16% revenue CAGR over FY17-19 and sees agricultural pumps to be a large opportunity. Moreover, a focus on go-to market capability and EESL orders could support growth and a successful execution could lead to a re-rating of stock.
Brokerage: CLSA | Rating: Buy | Target: Rs 380
CLSA highlighted that the bank expects NPL addition to be sharply lower in FY18, while the retail loans could drive 15-16 percent growth in domestic loans. It sees a rerating potential once asset quality concerns abate.
Brokerage: Credit Suisse
Credit Suisse said that overall power demand remains weak. Meanwhile, the month of August was better at 8 percent but it has not sustained in September. It also highlighted that the power market remained strongly in surplus, while all India PLF is still well below 60 percent. This figure could remain below 70 percent till FY22.