Here are 12 stocks that brokerage firms are watching out
Citi has a sell call with and lowered target price to Rs 5340 from Rs 5650 per share. It has cut revenue/EBITDA/net profit estimate for CY16 to 3 percent/9 percent/ 9 percent and reduced forecast due to slower-than-expected growth in noodles category. It says management encouraging product innovation and premiumisation a positive move. Deutsche Bank has a buy call on the stock with target at Rs 7500 per share. It says re-launch of Maggi at Rs 5 price-point should be the next trigger. IDFC maintains underperform rating with target at Rs 6150 per share and warns that regaining lost shares in key categories could come at a cost.
Citi sees margin expansion of 70 basis points to 63 percent and adds difficult for EBITDA to outpace rev growth due to increasing competition. Deutsche Bank has a sell rating on the stock with target at Rs 800 per share and sees anemic earnings growth of 9.7 percent CAGR over FY16-19. IDFC maintains underperform rating with target at Rs 872 per share and expects advertising and promotional intensity to remain at high levels.
Citi maintains sell call with target price at Rs 2380 per share as the company’s share in domestic motorcycle markte has inched up by over 110 basis points YoY. It says depreciating rupee and better product mix are positives for the stock.
CLSA retains buy call with target increased to Rs 315 from Rs 250 per share on positive outlook and says merger ratio may drive upside. It has raised FY17/18/19 EPS by 41/17/20 percent.
CLSA raised FY18-19 EPS by 5-13 percent and upgraded it to outperform from sell and target increased to Rs 26500 from Rs 21250 per share It says RE’s premium valuations should sustain given strong outlook.
Morgan Stanley is overweight on the stock with target at Rs 110 per share and reduced revenue growth forecasts for FY17-19 by 2.5 percent. IDFC maintains outperform with target at Rs 102 per share expecting second half to be better than H1 on higher net subscriber addition.
Bharat Financial Inclusion
Credit Suisse maintains underperform with target price increased to Rs 710 from Rs 690 per share as growth has been driven by volume for two quarters now.
Deutsche Bank has buy rating on the stock with target at Rs 305 per share as company appears to have a strong launch pipeline for second half. The management comments refer to a ‘gradual’ recovery in consumption. IDFC has a neutral rating with target at Rs 275 per share. It has reduced FY17 & FY18 earnings estimates by 3 percent each.
Deutsche Bank has a buy call on the stock with target at Rs 2800 per share as service tax on privilege fee a risk.
IDFC maintains outperform with target at Rs 782 per share as volume growth trajectory is likely to be strong going forward.
IDFC is neutral on the stock with target at Rs 366 per share as weakness in industrial segment performance key negative. It has increased FY17 & FY18 earnings by 2 percent and 1 percent respectively
IDFC has underperform rating with target at Rs 154 per share on results below estimates; earnings plagued by uncertainty.
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