Broker Radar for December 24

Check out the stock commentaries and recommendations from foreign brokerage houses.

Dec 24, 2018 02:12 IST India Infoline News Service

Nomura on Tyres: Crude price drops a margin tailwind for tyre companies
  • Maintain BUY on Apollo Tyres with target at 288/share
  • Crude prices and Tyre gross margins inversely correlated

Morgan Stanley maintains underperform on Sun Pharma; sets TP at Rs470/share
  • Sun receives FDA approval for its NDA product Elepsia XR
  • This is second in- licensed SPARC product
  • Sun continues to build on its specialty portfolio
Credit Suisse maintains outperform on Torrent Pharma; sets TP at Rs1830/share
  • Losartan recall impact potentially much higher than Valsartan recall
  • Losartan is a large drug for Torrent

Citi maintains BUY on Coal India, sets TP at Rs350/share
  • Dividend yield should remain strong
  • Stock’s 1-yr fwd PE is 1.5 SD below mean
  • Constructive on e-auction prices and realization upside from auctions
(Source: Media Reports)

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