ICICI Direct reco’s Buy Rating on 14 Stocks at end of the market

Money Control: ICICI Direct is bullish on on 14 Stocks.

Below is the list of 14 stocks which are on Hold Ratings by ICICI Direct,

stockanalysis

  1. Buy Apollo Hospitals with target of Rs.1400: ICICI Direct
  2. Buy AIA Engineering with target of Rs.1890: ICICI Direct
  3. Buy Tata Steel with target of Rs.550: ICICI Direct
  4. Buy Phoenix Mills with target of Rs.775: ICICI Direct
  5. Buy Mangalore Refinery with target of Rs.75: ICICI Direct
  6. Buy Cadila Healthcare with target of Rs.370: ICICI Direct
  7. Buy Vardhman Textiles with target of Rs.1200: ICICI Direct
  8. Buy Pokarna with target of Rs.225: ICICI Direct
  9. Buy Greaves Cotton with target of Rs.140: ICICI Direct
  10. Buy State Bank of India with target of Rs.340: ICICI Direct
  11. Buy Titan Company with target of Rs.1140: ICICI Direct
  12. Buy Grindwell Norton with target of Rs.625: ICICI Direct
  13. Buy Jubilant Life Sciences with target of Rs.905: ICICI Direct
  14. Buy Firstsource Solutions with target of Rs.55: ICICI Direct
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Buy & Hold Ratings on 8 Stocks by ICICI Direct & Motilal Oswal

Money Control: ICICI Direct & Motilal Oswal reco’s Buy & Hold Rating on 8 Stocks.

Below is the list of 8 stocks which are on Buy & Hold Ratings by brokerages,

stockanalysis

  1. Hold TeamLease Services; target of Rs 2845: ICICI Direct
  2. Hold NTPC; target of Rs 147: ICICI Direct
  3. Hold Bajaj Auto; target of Rs 2380: ICICI Direct
  4. Hold Shoppers Stop; target of Rs 545: ICICI Direct
  5. Hold Indoco Remedies; target of Rs 195: ICICI Direct
  6. Buy Indraprastha Gas; target of Rs 381: Motilal Oswal
  7. Buy Lupin; target of Rs 1000: Motilal Oswal
  8. Buy JSW Steel; target of Rs 322: Motilal Oswal
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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ICICI Direct reco’s Buy Rating on 10 Stocks

Money Control: ICICI Direct is bullish on on 10 Stocks.

Below is the list of 10 stocks which are on Hold Ratings by ICICI Direct,

stockanalysis

  1. Buy JK Lakshmi Cement; target of Rs.335: ICICI Direct
  2. Buy Thermax; target of Rs.1265: ICICI Direct
  3. Buy Somany Ceramics; target of Rs.410: ICICI Direct
  4. Buy TCI Express; target of Rs.780: ICICI Direct
  5. Buy Ipca Laboratories; target of Rs.900: ICICI Direct
  6. Buy NCC; target of Rs.120: ICICI Direct
  7. Buy Container Corporation; target of Rs.625: ICICI Direct
  8. Buy Timken India; target of Rs.640: ICICI Direct
  9. Buy Cochin Shipyard; target of Rs.410: ICICI Direct
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Motilal Oswal reco’s Buy Rating on 10 Stocks

Money Control: Motilal Oswal is bullish on on 10 Stocks at end of the market yesterday.

Below is the list of 10 stocks which are on Buy Ratings by Motilal Oswal,

Zacks-Investment-Research-Upgrades-Rent-A-Center-Inc-to-Buy-Rating-678x381.jpg

  1. Buy Equitas Holdings; target of Rs.150
  2. Buy UPL; target of Rs. 943
  3. Buy Tech Mahindra; target of Rs.860
  4. Buy NHPC; target of Rs.32
  5. Buy NHPC; target of Rs.32
  6. Buy Sun TV; target of Rs.720
  7. Buy BPCL; target of Rs.398
  8. Buy Phoenix Mills; target of Rs.708
  9. Buy Nalco; target of Rs.69
  10. Buy Alkem Laboratories; target of Rs.2365
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Also read ICICI Direct reco’s Hold Rating on 14 Stocks

Also read Mid-Day Market updates – TFM’s Watch

ICICI Direct reco’s Hold Rating on 14 Stocks

Money Control: ICICI Direct is bullish on on 14 Stocks.

Below is the list of 14 stocks which are on Hold Ratings by ICICI Direct,

stockanalysis

  1. Hold LIC Housing Finance; target of Rs.475
  2. Hold Ajanta Pharmaceuticals; target of Rs.1100
  3. Hold Tata Communications; target of Rs.540
  4. Hold Power Grid Corporation; target of Rs.200
  5. Hold Solar Industries; target of Rs.1045
  6. Hold V-Guard Industries; target of Rs.205
  7. Hold Oriental Carbon; target of Rs.1300
  8. Hold Dr Reddy’s Laboratories; target of Rs.2870
  9. Hold NMDC; target of Rs.90
  10. Hold Investment Precision; target of Rs.315
  11. Hold Petronet LNG; target of Rs.225
  12. Hold Rupa and Company; target of Rs.340
  13. Hold Greenply Industries; target of Rs.140
  14. Hold Control Print; target of Rs.255
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Hold & Buy Rating on 15 stocks by Prabhudas Lilladher

Money Control: Prabhudas Lilladher recommends hold & buy rating on 15 Stocks.

buy sell dies

Below is the list of 15 stocks,

  1. Buy Cholamandalam Investment and Finance Company; target of Rs.1562
  2. Buy Jindal Steel and; Power; target of Rs.230
  3. Buy Entertainment Network (India); target of Rs.776
  4. Buy P.I. Industries; target of Rs.1023
  5. Buy Dhanuka Agritech; target of Rs.624
  6. Buy Thyrocare Technologies; target of Rs.795
  7. Buy Heidelberg Cement India; target of Rs.190
  8. Hold Coal India; target of Rs.250
  9. Hold Bharat Forge; target of Rs.504
  10. Accumulate Hexaware Technologies; target of Rs.384
  11. Accumulate Hero Motocorp; target of Rs.2947
  12. Accumulate Cadila Healthcare; target of Rs.362
  13. Accumulate Dr. Lal PathLabs; target of Rs.1070
  14. Accumulate Hindalco Industries; target of Rs.245
  15. Accumulate Nestle India; target of Rs.11,059
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management, thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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ICICI Direct recommended Hold Rating on 14 Stocks

Money Control: ICICI Direct is bullish on on 14 Stocks.

Below is the list of 14 stocks which are on Buy Ratings by ICICI Direct,

101890549-buy_sell_dice_on_coins

  1. Hold Bosch; target of Rs.17565: ICICI Direct
  2. Hold Natco Pharma; target of Rs.635: ICICI Direct
  3. Hold Coal India; target of Rs.225: ICICI Direct
  4. Hold Maharashtra Seamless; target of Rs.500: ICICI Direct
  5. Hold Motherson Sumi; target of Rs.125: ICICI Direct
  6. Hold Amara Raja Batteries; target of Rs.700: ICICI Direct
  7. Hold Bata India; target of Rs.1300: ICICI Direct
  8. Hold Hindalco Industries; target of Rs.212: ICICI Direct
  9. Hold India Cement; target of Rs.85: ICICI Direct
  10. Hold Sun Pharmaceuticals; target of Rs.460: ICICI Direct
  11. Hold Astral Poly Technik; target of Rs.1250: ICICI Direct
  12. Hold VA Tech Wabag; target of Rs.295: ICICI Direct
  13. Hold Eicher Motors; target of Rs.21250: ICICI Direct
  14. Hold Gujarat State Petronet; target of Rs.180: ICICI Direct
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Buy Rating on Top 14 Stocks by Motilal Oswal

Money Control: Motilal Oswal is bullish on on top 14 Stocks.

Below is the list of 14 stocks which are on Buy Ratings by Motilal Oswal,

1517562998-2359

  1. Buy Sun Pharma; target of Rs.540.
  2. Buy Indian Hotels Co; target of Rs.189.
  3. Buy PI Industries; target of Rs.1023.
  4. Buy Allcargo Logistics; target of Rs.142.
  5. Buy Coal India; target of Rs.338.
  6. Buy Hindalco; target of Rs.302.
  7. Buy Oil India; target of Rs.239.
  8. Buy J K Lakshmi Cement; target of Rs.386.
  9. Buy KNR Construction; target of Rs.260.
  10. Buy Eicher Motors; target of Rs.23960.
  11. Buy Britannia Industries; target of Rs.3630.
  12. Buy Navneet Education; target of Rs.159.
  13. Buy Thermax; target of Rs.1240.
  14. Buy TeamLease Services; target of Rs.3400.
Disclaimer: The views and investment tips expressed by investment experts are on their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

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Check out these 4 picks for short term, Nifty could see a pre-election rally towards 11,380-11,500;

MoneyControl: Check out these 4 picks for short term; Nifty could see a pre-election rally towards 11,380-11,500.

Nifty could remain in 10,830-11,119 range for a few days and then gradually move forward to scale new highs. In such a case, we could see a pre-election rally towards 11,380 and 11,500.

By Manali Bhatia

stockanalysis.png

Bulls went through a rough time in the last two trading sessions of the week after an initial rally.

We have witnessed 10 weeks breakout on the back of positive Interim Budget but market failed to hold on to the initial strength and register a gain of 0.45 percent only on weekly basis with Nifty50 closing below 11,000 mark at 10,943.60.

In the coming week, for maintaining the upside momentum Nifty 50 needs to hold 10,830 level.

Nifty has formed the Doji candlestick pattern on daily chart at 61.8 percent retracement level of September-October fall (from 11,760.2 to 10,004.55) which was followed by large red candle. The pattern suggests that next few days are going to be quite difficult for traders.

Though there is indecisive candlestick pattern at important levels but the fact cannot be ignored that we witnessed a range breakout last week.

Technical setup suggesting that two scenario could emerge in coming days and traders need to be flexible enough to deal with it.

1) If 10,830 trades on lower side then we can expect the market to go back again in a range of 11,000-10,590 and the current breakout will be considered as false.

2) Nifty could remain in range of 10,830 and 11,119 for few days and then gradually move forward to make new highs, in such case we could see a pre-election rally towards 11,380 and 11,500.

On option front also, indecisiveness is creeping in among traders as 11,000 Call and Put option both holds significant open interest. Immediate support for the week exists at 10,880 and 10,830 and until 10,830 holds bullish bias is likely to intact.

NTPC: Sell | CMP: Rs.131.55 | Target: Rs.124 | Stop Loss: Rs.136 | Return: 6%

Stock has been in a prolonged downtrend and recently made new 52-week low.

Momentum indicators on monthly chart indicating fresh weakness and trading below all major moving averages. On weekly chart, there is bullish reversal failure pattern and such scenario is indicating that bears still have upper hand.

On daily chart, the stock has formed rounding top kind of a pattern and now breaking out of it. Price is tagging the lower Bollinger band. Thus selling positions can be initiated with the short term perspective.

NIIT Technologies: Buy | CMP: Rs.1,309.15 | Target: Rs.1,440 | Stop Loss: Rs.1,240 | Return: 10%

After an initial upmove stock went sideways and a fresh round of buying is expected in days to come. Monthly RSI is suggesting a reversal after retracement and any dips in stock are likely to be bought into.

Weekly momentum indicators have started trading in positive zone and prices are tagging the upper bollinger bands. On daily time frame stock is trading above all major moving averages. Stock can be bought at CMP and on any dip till Rs 1,260 for short term gain.

Kotak Mahindra Bank: Buy | CMP: Rs.1,299.4 | Target: Rs.1,405 | Stop Loss: Rs.1,255 | Return: 8%

Stock is forming higher tops and higher bottoms for the past few weeks and recently formed bullish candle after a phase of consolidation near 20-week moving average. Setup is suggesting that fresh leg of rally is likely to begin.

Daily RSI is trading in a positive zone and MACD also trading in positive territory and recently witnessed positive crossover. Long positions can be initiated in the counter for short term gain.

Maruti Suzuki: Sell | CMP: Rs.7,157.05 | Target: Rs.6,800 | Stop Loss: Rs.7,350 | Return: 5%

After a sharp sell-off, the recent upmove is facing resistance at 20-week moving average on weekly chart and momentum indicators in all time frame is favoring the bears.

On daily time frame, stock has formed a negative candlestick pattern at 50-Day Exponential Moving average. Apart from this, RSI has reversed from important resistance zone and formed a reversal pattern and hence decent opportunity on downside is available in the stock for the short term gain.

The author is Senior Research Analyst at Rudra Shares & Stock Brokers Ltd.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Disclosure: Rudra or its research analysts, or his/her relative or associate do not have any direct or indirect financial interest nor any other material conflict of interest at time of stock recommendation, in the subject company. Also, Rudra or its research analysts, or his/her relative or associates does not have actual/beneficial ownership of one per cent or more securities of the subject company. Rudra or its associates have not received any compensation or other benefits from the subject company or third party in the past twelve months. The research analyst has not served as an officer, director or employee of the subject company, neither Rudra nor its research analyst has been engaged in market making activity for the subject company. However, Rudra or its research analysts, or his/her relative or associate may have positions In Futures & Options.

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MoneyControl: Q3 earnings scorecard: 10 stocks where global brokerages raised target price post results

earnings_-770x433.jpgThe December quarter results reported by India Inc. were a mixed bag, but largely on the positive side and that is one reason we have not seen any major knee-jerk reaction in equity market as well.

Of the 34 Nifty companies that have announced their earnings, 25 have either met or exceeded consensus estimates on both the PAT and EBITDA front. The earnings upgrade/downgrade ratio is over 1, Motilal Oswal said in a report.

“The December quarter earnings have been a mixed bag. We believe banks (both private and PSU banks) delivered yet another strong QoQ performance with improved asset quality and strong credit growth,” Jayant Manglik, President Religare Broking told Moneycontrol.

“Further, sectors like FMCG, IT and Capital Goods performed largely in-line with estimates with margin pressure witnessed across these sectors. However, the Auto companies’ results so far, have disappointed with pressure witnessed on volume growth as well as on margins,” he said.

Weak margins have impacted earnings for the 52/100 BSE-100 companies that have reported their results for the quarter ended December, Citigroup highlighted in a report.

Earnings expectations for FY19E have seen downgrades on a year-to-date (YTD) and now stand at 12-14% YoY for NIFTY. The global investment bank maintains its Sensex target at 39,000 (16x Mar-20 P/E).

Significantly more companies ‘beat’ earnings than ‘missed’. As many as 28 out of 52 ‘beats’ expectations compared to 14 out of 52 which ‘missed’. Similar trends across Revenue/EBITDA performance as well.

Among sectors, materials (cement, base metals) and energy (better than expected refining performance) sector positively surprised expectations while consumer discretionary (auto) and utilities have disappointed the most, said the Citi report.

Here is a list of 10 stocks where global brokerage firms raised their target price post December quarter results:

IGL: Buy| Target raised to Rs 330 from Rs 315

Deutsche Bank maintained a buy rating on IGL post December quarter results but raised its target price to Rs 330 from Rs 315 earlier.

The global investment bank also increased FY20-21 earnings estimates by 3 percent. It forecast 18 percent CAGR for FY18-20 EPS, driven by a 14 percent CAGR rise in volumes. The company is well placed to benefit from expansion in new areas.

Tech Mahindra: Outperform| Raised target to Rs 950 from Rs 925

Credit Suisse maintained its outperform rating on Tech Mahindra and raised its target price to Rs 950 from Rs 925 earlier.

The IT major reported a 13 percent sequential rise in Q3 profit at Rs 1,203 crore. The company reported 27.5 percent year-on-year (YoY) rise in consolidated net profit.

After many quarters of sluggishness, the mainstay of telecom and communications vertical reported a 2.6 percent growth in revenues during the reporting quarter over the preceding one, while the enterprise segment grew 4 percent.

The telecom story has started to pan out. It is a well-placed stock despite good performance, said the note. The valuations look reasonable at current levels.

Marico: Outperform| Raised target to Rs 400 from Rs 380 earlier.

Credit Suisse maintained its outperform rating on Marico post December quarter results and raised its target price to Rs 400 from Rs 380 earlier.

The FMCG major reported a steady Q3 and looks poised for a strong margin expansion in FY20.In terms of products, Parachute leads growth despite not dropping prices. The gross margin is poised to see a Year-on-year (YoY) expansion in FY20.

Aditya Birla Fashion: Buy| Target raised to Rs 265 from Rs 240 earlier

CLSA maintained its buy on Aditya Birla Fashion but raised target price to Rs 265 from Rs 240 earlier.

Strong Pantaloons same-store-sales (SSS) growth came as a surprise. The Q3 revenue was up 23 percent driven by strong SSS growth. Margin expanded even with a contraction in gross margin and higher A&P spend, said the note. The innerwear business continues to grow rapidly. The global investment bank raised FY19 PAT estimates to Rs 1,73.6 crore from Rs 114.6 crore.

Titan Company Ltd: Outperform| Target raised to Rs 1,175 from Rs 935

Credit Suisse upgraded Titan to outperform from neutral post the earnings and raised target price to Rs 1,175 from Rs 935 earlier.

The global investment bank also raised earnings estimates by 3-10 percent. It sees tailwinds for the stock from a strong wedding season. Higher gold prices aid an already strong growth trajectory, said the note.

State Bank of India: Buy| Target raised to Rs 380 from Rs 370 earlier

CLSA retained its buy call but raised the target price to Rs 380 from Rs 370 earlier.

SBI is the preferred pick among PSUs, said the note from CLSA. The profit was ahead of estimates which was aided by higher treasury gains. The key positive was the decline in slippages.

Dr. Reddy’s Laboratories Ltd: Outperform| Target raised to Rs 3200 from Rs 2850

CLSA retained outperform rating on the company and raised target price to Rs 3,200 from Rs 2,850 earlier.

The cost controls continue to deliver, and a revival in the US growth in FY20 will be a key catalyst. The earnings beat was largely driven by cost-control initiatives.

The US sales improved by 4 percent on a quarter-on-quarter (QoQ) basis and US pricing dynamics remained stable. The global investment bank increased FY19-21 EPS estimates by 2-9 percent.

ICICI Bank: Outperform| Target raised to Rs 460 from Rs 416

Macquarie maintained outperform rating on ICICI Bank and raised the target price to Rs 460 from Rs 416 earlier.

The private sector lender displayed a strong asset quality performance, while other operational parameters were stable. The management foresees FY20 credit costs between 85 bps and 125 bps. It is a preferred play on the ‘normalisation of credit costs’ theme, said the report.

Asian Paints: Outperform| Target raised to Rs 1580 from Rs 1180 earlier

Macquarie upgraded the stock to outperform from neutral earlier and also raised its target to Rs 1,580.

The volume growth picks up significantly, and the volume growth outlook has also improved which is a big positive. The recent price increases with falling input costs will improve margins.

The global investment bank raised FY19-21 EPS estimates by 7-16 percent. However, the full effect of lower GST rates yet to play out.

Havells India: Outperform| Raised target to Rs 775 from Rs 720 earlier

CLSA maintained an outperform rating on Havells India but raised its target price to Rs 775.

The revenue growth surprised across categories. Large channel inventory in the AC industry remains a concern. Revenue from switchgear division was Rs 416.2 crore as against Rs 344.3 crore in the third quarter of the financial year 2017-18.

The cable division revenue grew to Rs 820.3 crore as compared to Rs 625.6 crore in the year-ago period.

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.