Moneycontrol PRO
HomeNewsBusinessStocksInvestment strategies: 6 stocks that you can buy or sell

Investment strategies: 6 stocks that you can buy or sell

Here are brokerage firms views on six stocks. Motilal downgrades Hero MotoCorp to neutral from buy given rich valuations. Target for the stock is at Rs 3666 per share. It says volume growth drives revenue as adverse mix dragged realisations.

August 09, 2016 / 12:03 IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Here are brokerage firms views on six stocks: IdeaCLSA downgrades rating from outperform to sell with target cut to Rs 94 from Rs 137 per share. It says burden of spectrum is weighing on earnings. Hero MotoCorpMotilal downgrades it to neutral from buy given rich valuations. Target for the stock is at Rs 3666 per share. It says volume growth drives revenue as adverse mix dragged realisations. Nomura maintains neutral call on stock with target cut to Rs 2,906 from Rs 3,179 per share. WockhardtCiti cuts target to Rs 810 from Rs 1355 per share and downgraded to sell from buy. It says road to recovery getting tougher and disappointed by the progress on us regulatory compliance and adds remediation process at older facilities could get delayed as well. Britannia Nomura has buy call on stock with target at Rs 3735 per share.ColgateNomura has neutral call on the stock with target at Rs 867 per share. CLSA cuts EPS by 4-5 percent retaining selling, with target increased to Rs 880 from Rs 800 per share. It says volume growth of 5 percent in the domestic business was a surprise. Bank of America Merrill Lynch retains underperform call with target at Rs 750 per share. Q1 margin under pressure due to high advertising spend. MaricoCiti has neutral on the stock with target at Rs 270 per share. From GST perspective, it expects gains to be lower versus peers.

first published: Aug 9, 2016 09:13 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347