Here are three stocks that analysts are focussing today. Havells CLSA has sell call on the stock as Q3 margin contracted due to several relaxations the company offered its dealers. It says 13 percent revenue growth indicates impact of demonetization was limited.
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While growth sustainability remains to be seen amidst slower secondary sales offtake. Citi has buy call on the stock with target at Rs 401 per share as margin was impacted by demonetization and adverse product mix. Morgan Stanley is overweight on the stock with target at Rs 391 per share.
It says margin and revenue outlook key things to watch. JP Morgan is overweight rating on the stock with target at Rs 410 per share as revenue growth beat offset by margin decline on demonetisation schemes. Deutsche Bank has a hold rating on the stock with target at Rs 340 per share as distribution franchise proves its mettle in a challenging Q3.
Ambit has a buy rating on the stock with target at Rs 428 per share as strong revenue growth despite demonstration seems to be led by market-share gains. Chola Finance Credit Suisse has initiated coverage with outperform rating with target at Rs 1150 per share as broad portfolio & small loan book allow for over 20 percent loan growth to sustain. Vedanta CLSA reiterates buy rating with target at Rs 300 per share.
It sees strong volume growth in aluminium and power businesses. It says strong cash generation, low CAPEX may drive robust free cash flow generation in FY18-19. It has upgraded FY17-19 EPS by 5-7 percent mainly to factor in higher zinc prices.
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