Research firm Deutsche Bank has maintained a hold rating on the stock and has cut target to Rs 340 from Rs 360 per share. The firm expects FY18-20 EBITDA and EPS CAGR at 25 percent and 33 percent.
"We expect the Nifty to consolidate within a broader range of 10,300–10,600 amid stock specific action as we are going through the Q4 earnings season," says Dharmesh Shah of ICICI Direct.com.
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 820 and target of Rs 850, a buy in Mindtree with stop loss at Rs 1020 and target of Rs 1065 and a buy also in Godrej Consumer Products with stop loss at Rs 1090 and target at Rs 1135.
"We have a buy rating on SBI due to improved health of balance sheet and management’s confidence in driving better growth in coming quarters," says Sumit Bilgaiyan of Equity99.
"Improved return ratios and steady and rich dividend payouts should provide valuation comfort. Currently, we have a buy rating on stock," says Sumit Bilgaiyan of Equity99.
"We believe Bajaj Finserv is an attractive play on long term structural theme of financialiasation of savings in the economy," says Sumit Bilgaiyan of Equity99.
"We believe the company will likely sustain its premium valuation. We maintain a buy rating on Bajaj Finance," says Sumit Bilgaiyan of Equity99.
Morgan Stanley maintained its equalweight rating, but slashed its 12-month target price to Rs 339 per share from Rs 407 earlier
"Traders can sell the stock in a rally around Rs 617-620 with a stop loss above Rs 627 for the target of Rs 596," says Abhishek Mondal of Guiness Securities.
"Traders can sell the stock after some technical bounce back around Rs 1,100-1,110 with a stop loss above Rs 1,138 for a target of Rs 1,040," says Abhishek Mondal of Guiness Securities.
"Positional traders can buy the stock at around current level and add on dips around Rs 1,160-1,065 with a stop loss below Rs 1,126 (closing) for the target of Rs 1,265," says Abhishek Mondal of Guiness Securities.
“Trend remains negative as long as it trades below 10,500.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
As per the options data, the support level for Nifty has shifted lower in the May expiry compared to last week.
Rajesh Agarwal of AUM Capital recommends buying Indraprastha Gas with stop loss at Rs 256 and target at Rs 276, a buy in Motherson Sumi Systems with stop loss at Rs 313 and target at Rs 333 and a buy also in ICICI Prudential Life Insurance with stop loss at Rs 398 and target at Rs 423.
"We recommend hold for long term investors who have entered earlier. We believe this company should be in portfolio basket for 5 to 10 years to reap the benefits of wealth creation," says Akash Jain, Vice President - Equity Research at Ajcon Global.
"At current market price of Rs 267, the bank trades at P/BV of 1.16 x and at adjusted Book Value, the stock trades at P/BV of 2.5x. Long term investors with a horizon of five years can accumulate it," says Akash Jain, Vice President - Equity Research at Ajcon Global.
Stewart & Mackertich Research has initiated coverage on Dollar Industries with a strong buy rating and a price target of Rs 656.
says Shitij Gandhi of SMC Global Securities.
"Traders can accumulate the stock in a range of Rs 240-245 for the upside target of Rs 268 and a stop loss below Rs 225," says Shitij Gandhi of SMC Global Securities.
"Traders can accumulate the stock in a range of Rs 440-450 levels for the target of Rs 500 and a stop loss below Rs 405," says Shitij Gandhi of SMC Global Securities.
Among the global brokerage firms which have come out with reports post Q4 results, BofA-ML recommends the most aggressive target price of Rs 380 which translate into an upside of about 49 percent from current level.
Rajesh Agarwal of AUM Capital recommends buying Havells India, Tata Motors and State Bank of India.
Among put options, the 10,500 strike price still has the highest open interest of nearly 60 lakh shares.
Other big gainers over the period include PC Jeweller, which gained 13.05 percent, Bhushan Steel, which rose 10.13 percent, and Punjab National Bank gained 10.23 percent.
The brokerage has lowered its rating on the stock to 'sell', and has cut its price target on it to Rs 707, which is four times the company's estimated EV/EBITDA for FY20.