What to Buy, Sell and Hold

Motilal Oswal has initiated coverage on SKS Microfinance (SKSM) with a buy rating and target price of Rs 589 citing strong growth and profit visibility for the next three years due to strong management exper tise and low competition. The brokerage also said that not obtaining small finance bank (SFB) licence is a positive for near-medium term earnings. The stock rose 1.84% to Rs 493.90 on Tuesday.

IDFC Securities has initiated coverage on Adani Transmissions with outper former rating and a target price of Rs 54. The brokerage said that earnings will be boosted on final tariff order and refinancing of existing debt and expects an addition of Rs 200 crore to earnings on receipt of the final tariff or der and additional earnings from transmission assets from improved operating performance. The stock fell 2.45% to Rs 35.90 on Tuesday.

Nirmal Bang Institutional Equities Research has reiter ated its buy rating on Triveni Turbine (TTL) with a target price of Rs 140 citing strong fi nancial health, robust margin profile, superlative return ratios, strong cash flow and healthy dividend payout. The stock fell 2.35% to Rs 110.05 on Tuesday.

Sushil Financial Services has recommended a buy rating on Atul Auto with a price target of Rs 720 citing strong brand recall, increas ing market share backed by better fuel efficiency and low cost of ownership and no debt with superior return on capital employed (ROCE) of 50%. The stock fell 0.82% to Rs 543.25 on Tuesday.