CLSA has upgraded ONGC to buy from outperform and raised the target price from Rs 330 to 375. CLSA says upstream companies have usually come out longer term winners after policy interventions, they would use any near-term strength to increase exposure in ONGC.
Nomura maintains a ‘buy’ on Lanco Infra with a target of Rs 51. The damages stated to be sought by Perdaman are currently unsubstantiated as Lanco has stated that the agreement has not been terminated and supply is only slated to commence in FY15.
Merrill Lynch recommends buying HPCL with a target of Rs 500. Investors are likely to be enthused if diesel is deregulated on another 11% decline in oil prices and re-rate the stock.
Kotak retains its reduce rating on Tech Mahindra with a target of Rs 665. They see challenges to EBITDA growth for the company for the next two-three years
Source : moneycontrol.com
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