Heer are brokerages call for the dayHindustan Zinc
Macquarie reiterates outperform rating with target of Rs 234 per share as it sees upside risk to FY17 earnings. It reported higher EBITDA due to deferred mining expense.
Credit Suisse also has an outperform rating with a target of Rs 200 per share. Lower costs led to a minor beat of 4 percent on EBITDA in Q1.
Nomura maintains buy with a target of Rs 250 per share as valuations at 1x FY18 book look reasonable. Its Q1 net profit was in-line supported by improving opex ratio, but NII was below expectations. Asset under management (AUM) growth was moderating; spreads were under pressure in Q1 given compression in yields.
Jefferies has a buy rating with a target at Rs 180 per share. It believes NTPC's earnings will rise at 13 percent CAGR between FY16-19. It sees material impact from change in coal accounting norms a key risk.
Credit Suisse maintains outperform with a target at Rs 440 per share. It feels the company will benefit from Europe business recast getting masked by EBITDA drag, expecting the company to rally even if there is a mild re-rating on EU resolution.
Castrol Deutsche Bank reiterates buy call, target at Rs 490 per share. It estimates 4 percent annual volume growth for in Q2 versus 9 percent in Q1. It raises CY17-18 EPS by 7-10 percent
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