Buy, sell or hold: 6 stocks that analysts will focus today
CLSA retains buy rating on HCL Tech and TCS and outperform on Wipro and Infosys . It has downgraded Tech Mahindra to sell. It expects near-term softness to shave dollar revenue growth by 1-2 percent and earnings by 2-7 percent for FY17-19.
Citi has a sell rating on it with a target at Rs 2447 per share on premium valuations in the sector context.
Deutsche Bank has a sell rating but raised target by 24 percent to Rs 31 per share. It says Q1 earnings were better than expected but downside risks remain elevated. It adds that the company will need to deliver volume growth of 17 percent during the remainder of FY17.
Jefferies maintains underperform rating with target at Rs 32 per share.
JP Morgan has a neutral rating on the stock with target at Rs 55 per share.
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Credit Suisse maintains outperform rating as potential PPA wins could further aid PLF recovery.
Q1 EBITDA covered its interest costs.