Stocks in news: TCS, Lakshmi Vilas, Bajaj Finance, GAIL, ONGC
Infosys | TCS | Laxmi Vilas Bank | Britannia | GTL | Tanla Solutions | Sagar Cements | Technofab Engineering | IG Petro | Shirpur Gold Refinery | Motherson Sumi | Aptech | Ashok Leyland | Bajaj Finance | GAIL | ONGC and Alstom T&D are stocks, which are in the news today.
Buy, sell or hold: Analysts pick 4 stocks post Q1 results
Deutsche Bank reiterates sell rating on expectation of a muted 4 percent volume growth in FY17 but increased target price by 9 percent to Rs 350 per share. Its gas transmission volume at 96.4 mmscmd in Q1 is led by higher LNG volume while low oil price is negatively impacting petchem profitability.
JP Morgan has neutral call on the stock with target at Rs 235 per share stating that the stock could see a positive reaction to Q1 results. It adds sustainability of cost reductions could be a key driver in FY17.
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CLSA has a sell rating on the stock with a target at Rs 35 per share. Q1 performance wasn’t a surprise to us, given a weak base in Q1FY16. Its margin is much lower than competitor IndiGo.
Jefferies retains underperform with target at Rs 90 per share as gross margin remained weak and order book is down.