Buy, sell or hold: 8 handpicked stocks by analysts for the day

Moneycontrol BureauHere are 8 stocks that brokerage firms suggest to buy, sell or hold.

Adani PortsMacquarie maintains outperform rating with target at Rs 261 per share as it has acquired Abbot Point Bulkcoal Pty (abp) from Glencore. It says next key trigger would be reversal of related party transaction.

Citi is neutral on the stock with a target of  Rs 250 per share as competitive position, asset base and scale are unmatched in India’s port sector. However, it says time bound guidance about loans and advances is a promising start. Goldman Sachs maintains buy with a target of Rs 266 per share. Key risks are higher capex AND leverage, prolonged slowdown in global trade.

TitanNomura upgrades it neutral from reduce and increased target to Rs 395 from Rs 307 per share. It believes regulatory overhang on Titan company is now abating. It says Titan will be a key beneficiary of a rebound in demand.  “It is a structural play on jewellery retail in India.  Increased FY17/FY18 margin estimates by 30 bps/50 bps,” it says.    Deutsche Bank has buy rating with a target of Rs 425 per share as improvement in jewellery business provides revenue growth visibility. Watches business may see a turnaround in the medium term , it adds.