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Buy, sell or hold: Watch out for these 11 stocks today

Here are analysts' views on 11 stocks. Citi says Aurobindo Pharma remains India's top pharma pick as Teva business passes by and key overhang is lifted. It expects focus to shift back to company's robust fundamentals.

October 06, 2016 / 09:24 IST
     
     
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    Moneycontrol Bureau Here are analysts' views on 11 stocks.Aurobindo PharmaCiti says the company remains India’s top pharma pick as Teva business passes by and key overhang is lifted. It expects focus to shift back to  company's robust fundamentals. Adani Ports JP Morgan is overweight with target price at Rs 300 per share. Estimates EPS CAGR of 13.5 percent from FY16-19; return of equity (ROE) of over 20 percent and raised FY17-17 EPS by 5 percent due  to higher SEZ incomeroom for upside remains.

    Sobha DevelopersJP Morgan is overweight on stock with target price at Rs 400 per share. The company reported pre-sales up 5 percent YoY, aided by improvement in realizations. Q2 pre-sales improvement is encouraging given a seasonally weak quarter. The company’s near-term guidance is to cut debt from 0.8x gearing to 0.6x levels.

    RBL Bank Citi initiates coverage at buy with target of Rs 350 per share. It says the company is riding the rising India banking opportunity wave. It adds while expensive, with potential risks, offers an early-stage opportunity.

    Cipla Bank of America Merrill Lynch reiterates neutral call and raised target by 10 percent to Rs 605 per share.  The management is upbeat on growth outlook but market pricing in most of the upside. New launches, strong pipeline could drive US growth and margin improvement is likely to sustain. Branded business growth likely  to revive in India & South Africa.

    Jubilant Food Nomura has reduce rating with target of Rs 900 per share. It says the company lags most of its peers due to  optimistic expansion strategy and prospects for core Domino's business remain on a downward spiral.

    Glenmark Bank of America Merrill Lynch is neutral and raised target by 10 percent to Rs 975 per share stating rich valuations don’t offer much upside from current levels. It has raised EPS estimates by 6 percent over FY17-18. Cement Goldman Sachs says recent cement price revisions does not impact companies much. It has buy call on UltraTech with target at Rs 4375 per share. It is neutral call on ACC with target at Rs 1750 per share. It has neutral call on Shree Cements with target of Rs 16200 per share. It has sell call on Ambuja with target at Rs 230 per share. Telecom stocks Goldman Sachs has buy call on Bharti Airtel with target of Rs 382 per share. It is neutral on Idea, with target of Rs 89 and sell Bharti Infratel with target at Rs 306 per share.

    first published: Oct 6, 2016 08:57 am

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