Broker Radar for February 14

Check out the stock commentaries and recommendations from brokerage houses.

Feb 14, 2019 08:02 IST India Infoline News Service

CLSA maintained ‘Sell’ on Bharat Forge with a TP of Rs420
  • Good quarter, but weak outlook.
  • See cyclical pressures ahead.
  • Fall in commodity prices poses risk to industrial exports.
CLSA maintained ‘Buy’ on J Kumar Infra with a TP of Rs315.
  • December quarter review: Net profit ahead; execution and new orders see upgrades.
  • Triggers: resolution of SEBI issue, marked pick-up in execution and resumption of order inflow.
  • Inexpensive play on high-growth urbanization Capex.
Macquarie maintained ‘Outperform’ on Yes Bank with a TP of Rs270.
  • Nil divergence – a very big positive; a significant overhang disappears.
  • Reinforces our conviction that asset quality is fine.
  • Focus now moves to the new CEO.
JPMorgan maintained ‘Overweight’ on Fortis Healthcare with a TP of Rs180.
  • EBITDA impacted by one-offs; Hospital margin recovers but SRL growth remains sluggish.
  • Completion of IHH deal and RHT asset acquisition will shift focus on the medium-term turnaround plan.
  • Expect one-offs to impact near-term results, but margin trend to build confidence on earnings.
UBS initiated ‘Buy’ on Indian Energy Exchange with a TP of Rs215.
  • Attractive on all counts; See catalysts for both near and long term.
  • Key growth drivers are backed by structural changes.
  • Multiple other levers could aid earnings and lead to high option value.
(As per media reports)

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