Goldman Sachs reiterates buy on Bharti Airtel with a target of Rs 435. Both Bharti and MTN are well positioned to show double digit revenue.
UBS retains its buy rating on L&T with a target of Rs 2,100. L&T may launch the L&T Finance holdings IPO within the next six weeks, the capital raising would enable the to fund its growth.
Nomura recommends buying NTPC with a target of Rs 228. NTPC has commissioned its 660 mega watt supercritical power unit at its Sipat plant in Chhattisgarh. Nomura believes this is a significant milestone, moreover it signifies that technical problems relating to its turbine generator unit have been successfully resolved.
Citi recommends buying Welspun Corp with a target of Rs 236. With high-quality product offerings, accreditations with key customers, and expanding capacities, Welspun Corp seems well-positioned to benefit from strong crude prices and rising global pipe demand.
And Nomura retains a buy on KS Oils with a target of Rs 45, the stock is currently trading around Rs 19. Nomura feels most risks are being built in the stock at current levels and the correction seems overdone. The stock is trading at a 50% discount to replacement value of assets.
Source : moneycontrol.com
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