Moneycontrol Bureau Here are investment strategies on eight stocks. ICICI BankNomura has a buy rating on the stock with target price at Rs 325 per share as watchlist resolution was on expected lines in Q2.Credit Suisse has an outperform rating as loan growth for the bank is now primarily retail driven. Slack corporate segment pulled down overall loan growth to 14 percent and 18 percent growth in savings deposits was key positive. CLSA maintains buy rating with a target of Rs 320 per share while gains from stake sale in Icici Pru Life lifted earnings. Its expects corporate deleveraging to help reduce its stress list by 30 percent and cuts FY18-19 earnings by 5 percent on a weaker topline. Healthy CASA growth is the key positive. Morgan Stanley is equal-weight call on the stock with target at Rs 266 per share and expects weak return on equity progression for multiple years.
Bank of America Merrill Lynch reiterates buy call and increased target to Rs 339 from Rs 320 per share. JP Morgan retains neutral rating but cut EPS estimates by 8 percent/10 percent/ 10 percent for FY17/18/19target price for the stock at Rs 265 per share.
Citi maintains buy rating with target at Rs 330 per share as slippages stayed highand could remain so in second half of FY17.
Macquarie says balancesheet de-risking is positive. It has buy call on the stock with target price at Rs 318 per share. BritanniaNomura has a buy rating with target price at Rs 4050 per share on strong volume growth.Godrej ConsumersNomura has buy rating on the stock; target price at Rs 1765 per share as Q2 results were in-line with expectations; saw no surprises from company’s end. PNBNomura has increased target price to Rs 155 from Rs 120 per share earlier. It maintains buy rating on the stockas asset quality trends improving.
Gujarat PipavavNomura maintains reduce call on expensive valuations. It has lowered target price to Rs 110 from Rs 126 per share earlier.
Tech MahindraNomura neutral call on the stock; lower target price to Rs 490 from Rs 505 per share.
GSK ConsumerNomura is neutral on the stock with target price at Rs 5510 per share.
Amara RajaNomura is neutral on the stock with target price at Rs 800 per share.
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