CLSA recommends public sector units (PSUs) since they offer attractive risk-reward.
We have collated a list of recommendations from brokerage firms for Thursday, January 17.
DCB Bank: Kotak Institutional Equities maintains Buy Rating | Target raised to Rs 210
Kotak Institutional Equities raised DCB Bank's target price to Rs 210 from Rs 185.
DCB Bank's Q3 metrics were stable on a quarter-on-quarter (Q0Q), Kotak said in a research note.
Axis Bank: CLSA maintains Buy rating | Target raised to Rs 800
CLSA hiked Axis Bank's target price to Rs 800 from Rs 750.
Management churn in the bank brings uncertainty, and more changes at the top are likely as the new CEO forms a new team, CLSA said.
"Cyclically, Axis Bank is in a sweet spot as it exits NPL recognition," CLSA said in a statement.
Mindtree: Macquarie upgrades to Neutral | Target cut to Rs 910
Macquarie has upgraded the stock to Neutral, cutting the target price to Rs 910 from Rs 920.
Mindtree's Q3 results were in line at the revenue level, Macquarie said in a research note.
Macquarie made a minor cut to its estimates of Mindtree's FY19-21 EPS.
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