What to Buy, Sell and Hold
Centrum Wealth Research has initiated coverage on Titagarh Wagons with a Buy rating and a target price of Rs 188.
Further, the companyRss strat egy to diversify its revenue stream is likely to be positive in the long run. The stock rose 0.19% to Rs 154.80 on Wednesday.
Emkay Research has re tained Accumulate rating on Hexaware Technologies with a revised target price of Rs 290. The brokerage is con fident of HexawareRss growth outperformance aided by new clientbusiness wins and the significant investments in sales and marketing. The company has won new busi ness apart from renewal business which will aid rev enue growth in CY16. The stock rose 0.25% to Rs 241.25 on Wednesday.
Anand Rathi has initi ated coverage on ITD Cementation with a Buy rating and price target of Rs 136. The brokerage said ITD Cementation is a strong play on growth in IndiaRss urban infrastructure and water space and that the recent strong orders, a better bal ance sheet and rebounding EBITDA margins would lead to a turnaround in the bot tom line and better ratios.
The stock fell 3.45% to Rs 102 on Wednesday.
Motilal Oswal has upgraded its rating on Pidilite Industries to Buy from neutral and has revised the target price to Rs 660.
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