From an e-commerce capital market perspective, IPOs are at-least 10-12 months away, says Raj Balakrishnan of BofA-ML.
The brokerage has upgrade ONGC to buy from neutral and says ONGC‘s FY15-16E ROE is at 22 percent which is highest in Asia Pac E&P universe.
Goldman Sachs suggests buying Tata Motors with a target of Rs 366.
Despite the headline grabbing rating downgrade of SBI, brokerages say they are not cutting SBI's earnings forecasts, reports CNBC-TV18's Gopika Gopakumar.
UBS maintains a buy on Titan with a target of Rs 250. The negative sentiment is due to the correction in gold prices is a good time to buy Titan. Volume growth will be better in Q3FY12 as festive season buying improves.