Stocks to buy, sell and hold

Anand Rathi has a buy rating on Ceat with a target price of Rs 1,370 for its timely strategic move to venture into radial off-highway tyres (OHT). The brokerage said a new radial plant will be ready and functional by FY17-end. It said the stock is one of its top picks in the tyre pack. It pegged P/E at 6.7x FY17 and 5.9x FY18 estimated earnings. Ceat rose 1.91% to Rs 861.55 on Friday.

Karvy Stock Broking has a buy rating on JK Lakshmi Cement with a target price of Rs 458 citing that it estimates the company’s cement volume to grow at about 10% CAGR during FY16-18 led by capacity expansion and pick-up in demand in its selling markets. It said valuations at 7.2x FY18 estimated EV/EBITDA look attractive considering the strong earnings growth going ahead. It pegged P/E at 29.9x FY17 and 13.5x FY18 estimated earnings. JK Lakshmi Cement rose 3.87% to Rs 401.05 on Friday.

Religare has a buy rating on Zee Entertainment Enterprises with a target price of Rs 480 citing that it continues to like the company for its solid business execution and leading position in India’s TV broadcasting industry. The brokerage said that while valuations are expensive at 27x FY18 estimated earnings, the company’s earnings profile would continue to support this premium. It said that overall it expects a stable Q1FY17, though ad revenue growth is likely to be moderate.Zee Entertainment fell 0.54% to Rs 453.25 on Friday.