Wednesday, 19 August 2015

Brokerage Radar - 19-Aug-2015:

BofA ML On Pharma: 

Have A Buy Rating On Sun Pharma & Aurobindo Pharma
BofA ML On Pharma: Recommend Companies With Strong Growth Visibility
BofA ML On Pharma: Valuations Demanding; Prefer Stock-specific Approach
BofA ML On Pharma: Pick-up In US Approvals To Reflect H2 Onwards
BofA ML On Pharma: Cadila, Aurobindo & Lupin Biggest Beneficiaries Of A Weak Rupee

BofA ML: SUN PHARMA : Upgrades to Buy from Neutral; Raises  target to ₹1,070 from ₹960
BofA ML: SUN PHARMA : Raises FY17 and FY18 EPS by 10%

BofA ML: SUN PHARMA : Valuation offers better entry point  as premium to sustain
BofA ML: SUN PHARMA : Taro price hike & ex-Taro US recovery  can add $140mn to PBT

BofA ML: SUN PHARMA : Potential synergy benefits from RBXY  could be $400 mn

Nomura On Cummins: 

Downgrade Call To Reduce On Expensive Valuations
Nomura On Cummins: Recent Surge In Revenue Growth In Powergen Segment Not Sustainable

JPMORGAN  NOIDA GREEN RULING: 

Unitech's luxury residential Golf course project will benefit

JPMORGAN  NOIDA GREEN RULING: DLF to benefit as Mall of Noida will add ₹200 cr annual rental income
JPMORGAN  NOIDA GREEN RULING: Deliveries in JP Infratech's 1150 acre  project can commence
JPMORGAN  NOIDA GREEN RULING: Key beneficiaries of the ruling will be  NCR developers
JPMORGAN  NOIDA GREEN RULING: A trickle of good news after a long dry spell for NCR real estate

CS ON COAL INDIA : 

Maintains Neutral, target of ₹405
CS ON COAL INDIA : Co expects strip ratio further to 2.7 by FY20
CS ON COAL INDIA : Gains from incremental production will  be offset by higher costs
CS ON COAL INDIA : Reduced ability to hike ASP with steeper than expected rise in strip ratio
CS ON COAL INDIA : ASP weakness in Q1 was largely due  to weaker demand in steel

CLSA ON CEMENT : 

UltraTech, Ambuja and Grasim are top  picks in cement space
CLSA ON CEMENT : Retains Overweight stance on  Cement sector
CLSA ON CEMENT : Believes that the worst is behind  for the industry
CLSA ON CEMENT : Expects pricing recovery in north and  central regions
CLSA ON CEMENT : Strong performance in south with  weakness in other regions

CLSA :
Removes Tata Motors from Asia ex Japan Moat Portfolio
HCL Tech, Maruti Suzuki part of Large Cap Moat Portfolio
Axis Bank and ICICI Bank part of Financial Moat Portfolio

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