Brokerage: Jereffries
Rating: Buy
Target: Rs 65
Rationale: The government has done away with the 10 percent levy sugar quota. This could impact Balrampur's earnings by Rs 3.50 a share annually.
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Brokerage: UBS
Rating: Buy
Target: Rs 405
Rationale: The transmission business seems to have bottomed out and concerns are priced in. The company has seen a a pick-up in petchem volumes and improved domestic gas visibility.
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Brokerage: CLSA
Rating: Buy
Target: Rs 1850
Rationale: Car demand has worsened further in 2013. CLSA expects a third straight year of single digit growth for the passenger vehicle industry in FY14.
Brokerage: HSBC
Rating: Overweight
Target: Rs 40
Rationale: Modest improvement in earnings will support recovery. The key catalyst will be a prospective stake sale announcement
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