Here are brokerage calls for the day.
Macquarie has a neutral call on it with a target at Rs 570 per share as it lags peers.
Bank of America Merill Lynch stays neutral on it due to lack of triggers but thinks valuation will support. It has cut FY17-18 earnings per shat (EPS) by 4-5 percent and lowered target to Rs 540 per share.
ICICI Securities retains add rating given reasonable valuation of 14x FY18 EPS and cut target to Rs 579. It says Q2 may be 3rd consecutive quarter of near flattish organic revenue growth. It has lowered FY18 EPS estimate by 9 percent.
Aurobindo PharmaJP Morgan has initiated coverage with overweight rating with target of Rs 900 percent, indicating 15 percent potential upside.
Ambit expects 5-6 percent realisation growth and 21 percent unitary EBITDA CAGR over FY16-18. It has increased target Rs 3872 from Rs 3668 per share. JPMorgan is overweight with a target of Rs 3750 per share.
Macquarie maintains outperform rating with target price of Rs 500 per share. The company has cut monthly package price of Ditto Tv to Rs 20 from Rs 150. It expects Ditto Tv to contribute at least 3–5 percent to revenue in long-term.
CLSA maintains outperform with target of Rs 4500 stating that it has potential to surprise positively in H1.
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!
