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Buy, sell or hold: 5 most important stocks to focus today

Citi has a sell rating on TCS and slashed target price to Rs 2155 per share from Rs 2315 per share. It has also lowered FY17/18 EPS estimate by 1/2 percent. It says demand outlook remains challenged with multiple headwinds.

October 14, 2016 / 11:40 IST
     
     
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    Moneycontrol Bureau Here are 5 most important stocks that brokerage firms will keep an eye on.

    Tata Consultancy Services Morgan Stanley is equal-weight on stock with maintain target price at Rs 2235 per share. It says softer BFSI, weakness in retail dragged overall growth. It has cut US revenue forecast by 1-4 percent for FY2017-19 to reflect weak performance.

    Citi has a sell rating and cut target price to Rs 2155 per share from Rs 2315 per share. It has also lowered FY17/18 EPS estimate by 1/2 percent. It says demand outlook remains challenged with multiple headwinds.

    Macquarie has downgraded it neutral from outperform. It has revised target price to Rs 2396 per share from Rs 2847 per share.

    CLSA stay buyers into any weakness with target price at Rs 2850 per share.

    Bank of America Merrill Lynch maintains underperform and revise target price to Rs 2375 per share from Rs 2450 per share and lowered FY18-19 EPS by 2-3 percent.

    Deutsche Bank maintains buy call with target price revised to Rs 2900 per share from Rs 3000 per share. It expects the company to deliver dollar revenue growth of 7.1 percent versus 8.3 percent for FY17.

    JP Morgan maintains neutral call on the stock with revised target price to Rs 2450 per share as magnitude of revenue miss higher than that seen in previous quarter.

    Tata Motors Morgan Stanley maintains overweight rating with target price raised to Rs 642 per share versus Rs 545 per share and earnings estimate is raised by 5 percent for FY18/19. It expects JLR to trade at 15 percent premium to Gerrman peers. It says high growth in JLR and favorable forex to justify the premium. It expects JLR volumes to rise from 554,000 units in FY16 to 780,000 units by FY19.

    J&K Bank Credit Suisse has downgraded it to neutral with target price of Rs 68 per share as conversion of restructured  loans to NPL and slippages outside J&K may remain high. The bank will need to raise capital in FY18 as the management is trying to raise NPL coverage ratio to 90 percent by FY18. 

    ONGC Deutsche Bank remain neutral on the company.Idea Citi maintains sell call with target price of Rs 70 per share as stretched balance sheet may  put pressure on profitability. It says the company remains vulnerable to competition .

    first published: Oct 14, 2016 08:48 am

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