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Here are top stock picks from auto, telecom and oil & gas spaceL&T CLSA reiterates buy with target of Rs 1750 per share. Expect company to bag large domestic orders in transport, urban infra & DNA domain. Q2FY17 orders up 34 percent YoY and on track to achieve guidance. New indian accounting standards may soften growth. Q2 order inflows led by urban infra, power generation and middle east. Steel sector CLSA upgrades Tata Steel to buy from sell with target price of Rs 500. Upgrades JSW Steel to buy from sell with target price at Rs 2400 per share. It says demand-supply balance poised to enter multi-year tightening phase post FY18, sees sharp rise in steel imports & prices FY19 onwards. Auto sector
Credit Suisse assumes coverage on Bosch with outperform with target of Rs 24500 per share.Credit Suisse assumes coverage on Eicher Motors with neutral call with target of Rs 24500 per share. Credit Suisse has outperform rating on Maruti with target at Rs 6000 per share. Credit Suisse has neutral rating on M&M; target at Rs 1400 per shareCredit Suisse has outperform neutral rating on Tata Motors, target at Rs 510/ per shareCredit Suisse has underperform rating on Ashok Leyland, target at Rs 77 per shareCredit Suisse has underperform rating on Hero Motocorp; target at Rs 2,840 per shareCredit Suisse has underperform rating on TVS Motor; target at Rs 250 per share Credit Suisse has neutral rating on Bajaj Auto; target at Rs 2,500 per shareGoldman Sachs has buy call on Eicher, neutral on Ashok Leyland & Tata Motors. Goldman Sachs reiterates buy on Maruti and neutral on M&MGoldman Sachs reiterates buy call on TVS and sell on Hero Motocorp & Bajaj Auto.Ambit prefers TVS Motor & Ashok Leyland over Maruti, Bajaj Auto & Hero Motocorp.
Oil & Gas Credit Suisse is neutral on Reliance, target at Rs 1075 per shareOutperform on IOC, target at Rs 660 per shareOutperform on BPCL, target at Rs 690 per share
Outperform on HPCL, target at Rs 476.67 per shareTelecom stocksCredit Suisse is underperform on Bharti, target unchanged at Rs 235 per share Underperform on Idea, target unchanged at Rs 55 per shareUnderperform on Reliance Communication, target unchanged at Rs 40 per shareNeutral on Bharti Infratel, target unchanged at Rs 360 per share
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