Buy, sell or hold? Quick trading tips for 6 key stocks

Here are brokerage firm views on six key stocks on MondayAxis Bank Nomura is neutral with target of Rs 560 per share. It says Q1 earnings is muted and similar trend to continue. It has cut FY17 earnings estimates by 5 percent and FY18 by 3.9 percent.  CLSA maintains buy call with target increased to Rs 650 from Rs 575 per share. Normalisation in non-performing loans will be key to earnings growth and valuations. Havells CLSA retains sell call on the stock with earnings beat primarily on switchgear export revenue with valuations offer limited room for upside. M&M Financial JP Morgan maintains underweight with a price target of Rs 300 per share. It says valuations factor in a cost of equity of 13.5 percent and normalisd return on equity (RoE) of 18 percent. Sharp improvement in asset quality and pick-up in growth are key upside risks.

LIC Housing FinanceJP Morgan is overweight with a target of Rs 87 per share. Higher-than-expected delinquencies in retail business and large asset quality shock in the infra business a downside risk, it says.

Persistent Citi rates it sell with target cut to Rs 620 from Rs 645 per share. It says mixed Q1 saw decent revenue growth in services but disappointed on margin front.

VedantaDeutsche Bank maintains hold on limited implied upside. It says proposed merger will partially  resolve cash fungibility issues. Simplification of group structure should improve capital allocation efficiency.