Thursday, 13 April 2017

Here Are 7 Stocks That Analysts Are Watching Today

Adani Power
Citi has a sell call on the stock with a target of Rs 25. The Supreme Court’s order on compensatory tariff is a big blow for the firm and the research firm sees significant downside risks to the earnings per share estimates.

Tata Power

Citi has downgraded the stock to sell from neutral on the back of SC’s ruling. The target price too has been cut to Rs 79.9 from Rs 83.3. The court’s order will significantly impact return ratios going forward, it said. It prefers NTPC and Power Grid in large caps and CESC in midcaps.

Reliance
CIMB sees FY18,FY19F earnings cuts for project delays and rupee appreciation for the firm. For FY18, it also saw lower refining and petchem EBITDA from USD 7.6 billion to USD 7 billion.

HDFC Bank

Bank of America Merrill Lynch has reiterated its buy call on the stock with an increased target of Rs 1,800 from Rs 1,600. Rapid market share to drive in more than 20 percent EPS growth.

Reliance Communications

Deutsche Bank has downgraded the stock to sell with a reduced target price of Rs 30 from Rs 57. The firm could lose around 100-150 basis points revenue share over the next two years and a merger with Jio in the medium-term cannot be ruled out.

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