Buy, Sell, Hold: stocks and sectors are being tracked by analysts today
Just Dial
Brokerage: Morgan Stanley | Rating: Underweight | Target:
Rs 360
The global research firm said that Q2 revenue didn’t show
signs of pick up while margin beat was cost-led. Further, he highlighted that
the firm reported first half revenue growth of 7.8 percent year on year against
FY18 estimate of 10.7 percent. A stronger-than-expected traction in search plus
business is a key upside risk.
Gujarat Gas
Brokerage: Morgan Stanley | Rating: Overweight | Target:
Rs 1,143
The global research firm said that the conviction On the
firm’s ability to deliver 50% earnings growth over FY17-20 remains high. It
expects growth underlying core demand to remain strong and margin could recover
as LNG price volatility settles.
Westlife Dvpt
Brokerage: Axis Cap | Rating: Upgrade to Buy | Target: Rs
300
Axis Cap sees the firm to benefit from its continued focus
on innovation and better customer experience. It sees 17% sales growth over
fy17-22e on high-single digit same-store-sales growth. The firm also increased
gross margin estimate on better product mix, menu innovation.
Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 320
CLSA pointed out that same-store-sale growth sustains
momentum at >8% YoY. Further, higher footfalls & internal measures
helping the franchise to deliver ahead-of-industry growth and added that the
management is confident of sustaining current growth momentum. The brokerage
upgraded operating profit estimate by 10-14 percent.
KEC Intl
Brokerage: Emkay | Rating: Upgrade to buy | Target:
Raised to Rs 390
The brokerage said that the company had steady performance
despite GST transition concerns. It upgraded FY18/19 EPS estimates by 5.8%/9.7%
respectively. Going forward, it expects revenue to increase by 17% CAGR over
fy17-19 and profit could spike by 35 percent CAGR over FY17-19.
Brokerage: Quant | Rating: Buy | Target: Raised to Rs 405
The broking firm said that operating performance of the firm
was healthy, while volatile raw material prices and currency fluctuation were
key risks to estimates.
Indian Bank
Brokerage: PhillipCap | Rating: Buy | Target: Raised to
Rs 450
The brokerage expects 38%/24% earnings growth for FY18/FY19.
Further, it said that the bank is sufficiently capitalised to fund its
near-term growth. Going forward, it expects FPO worth Rs 1,500-1,700 crore to
pare government stake to 75% from 82.1%.
Capital Ways Financial Services
605, Industry House , AB road Indore (MP) 452001
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