UBS maintains a "buy" on L&T with a target of Rs 2,100. L&T's has bagged new orders worth USD 55 billion this week. The strong order inflow growth augurs well for the stock price performance, it is currently trading at lower than average of its historical range and looks like an attractive opportunity to buy.
Merrill Lynch reiterates a "buy" on Suzlon on a structural turnaround. They have a target of Rs 75 on the stock. A 13% correction in Suzlon this week is an opportunity to buy, Merrill Lynch believes the market's concerns about the promoters' pledge of 65% of their equity is exaggerated.
UBS recommends buying Havells with a target of Rs 510, the stock is currently at 380. The Philips warning is likely to be an overhang for Havells India. UBS believes any continued weakness in the European macro environment could lead to further weakness in the stock.
Merrill Lynch recommends buying Adani Enterprises with a target of Rs 705. The Minister for Environment has approved Adani Enterprises' 15 million tonne per year Parsa East and Kante Basan coal mine in Chhattisgarh. This will help kick-start the company's domestic mining business.
Source : Moneycontrol.com
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