Buy, Sell, Hold: 5 Stocks That Are Being Tracked By Analysts Today

Nifty Tips

The research firm observed that the June quarter was ahead of its estimates, but slightly below Street expectations. A 7 percent QoQ Growth in US business is positive, given the muted trend in base business. Further, an improvement in the business and higher margin may reverse declining trend in the stock.

Bank of India

Brokerage: Kotak Sec | Rating: Add | Target: Rs 170

Kotak Securities said that sharp compression seen in net interest margin in Q1. Further, a better coverage ratio is aiding the bank, resulting in NPLs falling for fifth quarter. It also said that the company is essentially looking for a convergence between book value & adjusted book.

Mahanagar Gas

Brokerage: Kotak Sec | Rating: Sell | Target: Rs 785

The brokerage house said that the company’s June quarter results were above expectations as the company retained benefits of lower input price. Further, it remained cautious on the sustainability of high margins & returns of CGD business.



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