Credit Suisse has an Outperform rating for Tata Steel with target price at Rs 830 per share and JSW Steel with target at Rs 300, but has a neutral rating for Jindal Steel & Power with target price at Rs 150.
Steel Sector
Credit Suisse said the recent shutdown in Odisha state has taken out 10 percent of India's Output.
India may turn into a net importer of again as steel production continues to rise and domestic iron ore prices may rise if India turns net importer of ore, it feels.
Information Technology Sector
CLSA said CY17 saw a better-than-feared year for IT sector even as growth & earnings disappointed.
"We don’t see strong bottom-up signs of growth recovery. Companies will have to negotiate challenges from immigration & tax change distractions," it added.
Consumer Sector
CLSA said after a challenging last year, it expects 2018 to witness a pick-up in demand for consumer sector.
Rise in oil prices and related derivatives are concerns but it forecasts margin to sustain.
The research house is optimistic on rural India given rising government spending & general election in 2019.
Automotive
CLSA prefers M&M followed by Maruti Suzuki/Eicher Motors in original equipment manufacturer, and Bharat Forge in auto components segment.
Industry seeing decent demand trends in most segments should sustain in FY19, it believes.
ICICI Bank
Brokerage - Motilal Oswal | Rating - Buy | Target - Rs 370
Motilal Oswal has reiterated its Buy call on ICICI Bank with a target price of Rs 370 per share as it has maintained 18-20 percent growth guidance for retail segment, though margin is likely to moderate in second half of FY18.
Dr Reddy's Laboratories
Brokerage - Nomura | Rating - Buy | Target - Rs 3,281
Nomura has a Buy call on Dr Reddy's Laboratories, with a target price at Rs 3,281 per share.
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