Broker Radar for September 9

Check out the stock commentaries and recommendations from brokerage houses.

Sep 09, 2019 08:09 IST India Infoline News Service

CLSA maintained ‘Buy’ on L&T with a TP of Rs1,730.
  • Loss-making businesses wiped out 14% of its 2018-19 consolidated net profit.
  • Begun well on divesting assets but a delay in buyback is a drag.
  • Loss reduction is a key catalyst for L&T’s robust consolidated EPS growth.
Citi maintained ‘Buy’ on Dr Lal Pathlabs; hiked TP to Rs1,475 from Rs1,430.
  • Focus on gaining share, steady margins.
  • Seeding new clusters for growth; wellness initiative gaining traction.
  • Looking for inorganic opportunities.
Jefferies maintained ‘Buy’ on Coal India; cut TP to Rs260 from Rs275.
  • The fundamental impact of allowing commercial coal mining will be limited in the next 3-5 years.
  • Expect softer e-auction prices, but the higher mix will partly offset this.
  • See the deep value and solid dividend yield potential.
Source: Media reports

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