Buy Radico Khaitan, target price Rs 363: HDFC Securities
The brokerage expects Radico to sustain its outperformance led by aggressive marketing, successful recent launches and competitive pricing.
Add Trent, target price Rs 460: HDFC Securities
According to the brokerage, Trent's ability to navigate the crisis is the strongest in the pe...
Buy HDFC, target price Rs 2,345: ICICI Securities
Once the situation normalises, many accounts moving out of moratorium will perform better g...
Sell ICICI Securities, target price Rs 316: HDFC Securities
Any strong rally in equity markets, higher market share, better environment for financial product sales, and any marked reduction in costs remain key risks.
Buy Escorts, target price Rs 950: HDFC Securities
The brokerage values the stock at a 15 per cent premium to the last five year average trading multiple.
Sell ABB India, target price Rs 755: HDFC Securities
The brokerage sees a challenging second quarter in CY20 and slow ramp-up for the second half of CY20.
Add Aditya Birla Fashion & Retail, target price Rs 120: HDFC Securities
According to the brokerage, growth while reasonable, has been dearer with the working capital cycle getting elongated to 38 days from 13 days in FY19.
Buy Aurobindo Pharma, target price Rs 790: HDFC Securities
The brokerage expects the company to become net debt free by FY22.
Reduce Nestle India, target price Rs 14,042: HDFC Securities
Although Nestle’s performance in CY20 will be healthier than peers but the brokerage says most positives are priced-in.
Reduce Shree Cement, target price Rs 17,900: HDFC Securities
The stock price offers no upside, according to the brokerage.
HDFC Securities has reduce rating on Cyient, target price Rs 240
The stock is down ~50% in 3 months and trades at P/E valuation of 10.0/8.7 times FY21/22E (vs. 5-year average of 13.5 times).
Reduce Persistent Systems, target price Rs 525: HDFC Securities
Valuation discount to peers reflect portfolio risk and prior period underperformance (~4 per cent earnings CAGR over FY15-20), despite a strong balance sheet position.
Reduce Marico, target price Rs 287: HDFC Securities
FY21 performance will be muted and the brokerage does not see any re-rating drivers in the near term.
Sell ICICI Lombard, target price Rs 1,042: HDFC Securities
Over FY21E, the brokerage expects lockdown and partial working conditions to result in lower new motor vehicle policy sales, lower renewals, and also lower motor CORs.
Buy Tech Mahindra, target price Rs 625: HDFC Securities
Pricing pressure, furloughs and delay in spend will impact growth and margins in FY21E.
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