Here are brokerages views on stocks
Godrej ConsumerCLSA has outperform call with target at Rs 1650 per share stating that home insecticide offers huge potential given the low per-capita consumption. LupinBank of America Merrill Lynch reiterates buy call with a target of Rs 1950 per share on incremental competition in gFortamet. BioconCiti maintains buy as biosimilars progress continues to support premium multiples. It says Biocon is most leveraged play on biosimilars from India.
ICICI BankCiti has a buy rating but reduced target to Rs 300 from Rs 315 per share. It says business/stock is getting closer to a turn and FY18 is likely to be better than FY17. It adds ICICI Bank’s large, better-valued asset sales could protect profitability.
Coal IndiaJP Morgan is neutral on Coal India with target at Rs 330 per share. It says there are downside risks if e-auction coal prices need to recover.
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