Today's Top Trading Stocks
Buy, sell or hold:
Nomura stays cautious on the sector, says HCL Tech is the only buy call. It prefers Infosys amongst stocks having neutral ratings.
Nomura downgrades it to neutral from buy with target unchanged at Rs 3200 per share.
Nomura maintains buy call with target increased to Rs 1520 from Rs 1325 per share.
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Goldman Sachs says the company may post 7.7 percent margin in Q2 versus 7 percent in Q1 on improvement in product mix.
Citi expects 8 percent dividend yield despite buyback, estimated at Rs 26 per share for FY17. It says if only government tenders its shares in buyback, holding would reduce to 79.3 percent. It adds payout looks secure even if entire buyback quantity is tendered.
Credit Suisse maintains outperform call stating it is a good play on growing gas demand. It has increased target to Rs 180 from Rs 165 per share.
Capital goods stocks
CLSA retains buy on L&T , IRB , J Kumar , Sadbhav Engg and NCC . Analysis shows slowdown in capex revival, indicated by backlog growth. It says backlog growth at 8 percent YoY versus 11 percent in March quarter. It says backlog growth stronger in construction, led by urban infra and roads.