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Investment tips: Do you have these 4 stocks in your portfolio?

Deutsche Bank downgraded Axis Bank to hold with target price unchanged at Rs 590 per share. It says ROEs may decline to 14-15 percent while credit costs may be elevated.

August 25, 2016 / 12:33 IST
     
     
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    Moneycontrol Bureau Here are brokerage houses views on four stocks AurobindoCLSA maintains sell rating with target increased to Rs 680 from Rs 660 per share on subdued US sales in Q1 despite robust approval cycle. It says greater than 4 percent spend on R&D looks inadequate for the specialised products. It adds sharp rise in R&D spend is expected to result in flat margin & slow profit. Goldman Sachs cuts target to Rs 1016 from Rs 1035 per share with FY17-FY19 EPS estimates cut by 3 percent to factor in Q1FY17 trends, Citi has a buy call with target increased to Rs 1200 from Rs 1170 per share stating that it is best placed to ride out a challenging environment for generics. It also feels that turnaround in Europe augurs well for medium-term growth. Bank of America Merrill Lynch maintains buy call with target at Rs 1065 per share.

    BritanniaDeutsche Bank has a hold rating with target at Rs 3200 per share stating that higher-than-expected EBITDA margin expansion is an upside risk. Citi has a buy call with target at Rs 3300 per share expecting it will continue to outperform the industry.

    Axis BankDeutsche Bank downgraded it to hold with target price unchanged at Rs 590 per share. It says ROEs may decline to 14-15 percent while credit costs may be elevated. NIMs/fee growth will likely be muted in the near-term and thestock lacks near-term triggers.

    Eicher Motors Goldman Sachs rates it buy as the auto major took a second price hike this year. Royal Enfield prices increased by an average 1 percent. Prices for classic 350, which accounts for 60 percent of volume, increased by over 1 percent.                                                

    first published: Aug 25, 2016 08:27 am

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