Broker Radar for March 11

Check out the stock commentaries and recommendations from brokerage houses.

Mar 11, 2019 08:03 IST India Infoline News Service

HSBC upgraded to ‘Buy’ from ‘Reduce’ on on Info Edge, hiked a TP to Rs1,978 from Rs923.
  • Recruitment is driving growth after a temporary slowdown.
  • Value of property and food business continues to increase.
  • Hike estimates given that all major segments have seen marked improvements
CLSA maintained ‘Buy’ on ITC with a TP of Rs400.
  • Weak earnings growth and concerns on capital allocations ailing stock.
  • Rising ESG focus and lower global valuations ailing ITC share price.
  • Expect ITC earnings growth to accelerate led by product price hike.
Morgan Stanley maintained ‘Overweight’ on SBI with a TP of Rs375.
  • Moving to floating rate on savings deposits – a big change.
  • Move to reduce margin volatility over time. Key to monitor: impact on deposit growth/strategy of peers.
Credit Suisse maintained ‘Underperform’ on Wipro with a TP of Rs240.
  • Margin expansion largely behind; focus now back on growth.
  • Focus shifts back to closing growth gap to peers. Buyback announcement around the corner.

Source: Media Reports

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