Moneycontrol Bureau Here are brokerage firms' views on 8 stocks. M&MJP Morgan maintains overweight with target increased to Rs 1605 from Rs 1450 per share. It has also raised FY17/18 estimates by 2 percent to factor in improved tractor guidance. It says SUV launches are risky.
Citi maintains buy call with a target of Rs 1550 per share with a hope that strong monsoon should drive tractor volume growth. It also adds that higher rural income should also aid demand for Bolero and Scorpio but cautions that rising competition in SUVs is key risk. IGLCiti reiterates buy call, forecasting a 12 percent consolidated EPS CAGR over FY16-19. It has increased target to Rs 741 per share. Indiabulls Real Estate Motilal Oswal has a buy call on the stock with target at Rs 98 per share due to operationally strong quarter amidst weak market conditions.
Motherson Sumi Citi maintains sell target at Rs 250 per share.
Godrej PropertiesCLSA maintains buy with target increased to Rs 438 from Rs 387 per share. It says Q1 pre-sales were subdued compared to the buoyancy of FY16 and feels that it is well positioned to take advantage of a potential property upturn. Tata CommunicationBank of America Merrill Lynch maintains buy call with target at Rs 532 per share stating that the company does not need to pay any capital gains on VSNL land transaction.
Tata ChemicalsDeutsche Bank has a hold call with target at Rs 480 per share. It estimates 14 percent EPS CAGR over FY16-19.
Jagran PrakashanCLSA retains buy call with target increased to Rs 217 from Rs 209 per share. Q1 revenue and EBITDA was in-line with estimates. Print ad growth of 9 percent YoY was led by its core Uttar Pradesh market while good monsoons, 7th Pay Commission and UP Polls are likely to boost ad revenue.
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