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Investment strategies: 4 stocks to sell, 1 stock to buy

Nomura downgrades stock to neutral with target cut to Rs 1778 from Rs 1873 per share. It expects price to equity valuation to remain above 20 times. It sees substantial improvement in US pipeline over next 12-18 months.

August 10, 2016 / 09:14 IST
     
     
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    Here are brokerages views on stocks Lupin Nomura downgrades stock to neutral with target cut to Rs 1778 from Rs 1873 per share. It expects price to equity valuation to remain above 20 times. It sees substantial improvement in US pipeline over next 12-18 months. CLSA downgrades it to sell from underperform and target is cut to Rs 1500 from Rs 1740 per share. Goldman Sachs target price cut to Rs 1638 from Rs 1679 per share. Adani PortsMacquarie maintains outperform call on the stock stating next leg of re-rating would only come from balance sheet repair. JP Morgan maintains overweight on the stock. It is on track to meet guidance of 10-15 percent growth in cargo volume/PAT. Container volume growth was 27 percent YoY in Q1 and FY17 outlook is robust. CLSA has a buy call with target at Rs 305 per share stating promoters’ unwinding loans ahead of schedule catalyst for a re-rating.Credit Suisse maintains outperform with target increased to Rs 280 from Rs 270 per share. Adani PowerMacquarie maintains underperform with target at Rs 23 per share. It says Adani Power future remains hinged to outcome of litigation compensatory tariffs compensatory tariff cash realisation critical for the balance sheet. PFCCLSA retains sell call with target increased to Rs 180 from Rs 155 per share. It says low growth and higher stress loans justify valuation discount. It says uptick in sanctions for state-government projects is a positive. Jubilant LifeMacquarie has an outperform call on the stock with target at Rs 440 per share. It says company is showing consistent performance over the last few quarters.

    first published: Aug 10, 2016 09:12 am

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