What to buy, hold or sell

Edelweiss has a buy rating on TVS Motor Company with a target price of Rs 350 citing that the company is the third largest two-wheeler manufacturer in India and has an annual production capacity of 3.2 million two-wheelers and 1.2 lakh three-wheelers. It expects the stock to move higher towards its new life high territory in the medium term. The stock fell 0.56 per cent to Rs 295.45 on Monday.

Centrum Equity Research has a buy rating on Aurobindo Pharma with a target price of Rs 1,060 citing that it expects the company to report good performance, driven by strong growth in the US market from controlled substances, new ANDA approvals and injectables business. It pegged P/E at 17.3x FY17 and 13.4x FY18E earnings. The stock fell 1.27 per cent to Rs 779.3 on Mon.

Angel Broking has a buy rating on Bharat Electronics with a target price of Rs 1,414 citing that it expects the company to trade at a premium to its historical valuations on account of an uptick in the investment cycle. It pegged P/E at 19.5x FY17 and 18.3x FY18 eastimated earnings. Bharat Electronics rose 3.74 per cent to Rs 1,183.95 on Monday.

Emkay has an accumulate rating on Tata Communications with a target price of Rs 518 citing that data growth is expected to remain on strong footing while voice and Neotel performance is expected to stabilise. It pegged P/E at 114.5x FY17 and 66.4x FY18 estimated earnings. Tata Communications fell 0.68 per cent to Rs 438.85 on Monday.