Buy, Sell, Hold: Analysts Have These 8 Stocks On Their Radar Today - Dollar Advisory Financial Services

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Friday 17 March 2017

Buy, Sell, Hold: Analysts Have These 8 Stocks On Their Radar Today


Macquarie has maintained outperform rating with a target price of Rs 304 per share. The research firm cites cess ceiling rates for tobacco at Rs 4.17 per stick or 290 percent ad-valorem. The total tax incidence on tobacco will remain the same, it feels.


The research firm also forecasts cigarette earnings before interest and taxes growth to return to double digits in case of stable taxation in the GST Bill.

Morgan Stanley is overweight on ITC with a target price of Rs 310 per share. It sees stock trending closer to this target. It says the proposed specific cess on cigarettes 6 percent lower than the current tax rate. This reduction will be offset by an increase in GST rate to 28 percent against the VAT rate of 25 percent.

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