Here are brokerage firms’ views on seven stocks.
Morgan Stanley is overweight with target at Rs 160 per share. It says industry might have crossed inflection point for operating trends.
Goldman Sachs reiterates buy with target revised to Rs 5774 from Rs 4923 per share. It has raises FY17-18 EPS by 3.5 percent to 4.4 percent on the back of a weaker yen.
Moderation is expected in marketing spend post 61 percent surge in FY16 led by Nexa. It says full benefits of mix improvement will play out in the latter half of FY18. Maruti’s domestic market share at 48 percent is close to its 10-year highs.
JP Morgan is overweight with target of Rs 1210 per share. It says key disappointment was negative same-store-sales growth SSSG growth of negative 3.2 percent. Its management expects improved performance in Q2 and positive SSSG.
Deutsche Bank has a hold call with a target of Rs 1350 per share. It says SSSG of negative 3.2 percent raises questions about permanent consumer behavior changes. It expects stock to stay volatile and continue under performance. It says its company’s ability to call business turnaround has been poor.
JP Morgan is overweight with a target of Rs 570 per share. Its new models are driving growth in JLR & India. Morgan Stanley is overweight with target at Rs 585 per share. It expects continued strong sales in us in second half as new model cycle plays out.
Morgan Stanley has raised target to Rs 3000 from Rs 1615 per share. Upgrading it to overweight it says significant course correction underway. The company is one of the most profitable NBFCs and offers a strong long-term growth.