What to buy, sell and hold

Prabhudas Lilladher has reiterated its buy rating on Cummins India with a target price of Rs 1,030. The brokerage said the company has a healthy potential in the domestic market because of structural factors like revival in industrial demand, the unreliable quality of power in India and the lack of credible options for power backup and the potential of exports. Cummins India rose 4.69% to Rs 937.90 on Thursday.

Prabhudas Lilladher has maintained its accumulate recommendation on Pidilite Industries with a target price of Rs 585 citing that the nearterm margin outlook looks strong, given further softening of crude prices. Premium valuations are expected to sustain, given strong brands and long-term growth potential. Pidilite Industries gained 2.80% to Rs 582.90 on Thursday.

Centrum Equity Research has retained its accumulate rating on Amara Raja Batteries with a target price of Rs 947 citing that the company reported strong results for the September-December quarter. The brokerage said that the company’s competitive advantages like the brand, superior technology, lower pricing should aid its growth. Amara Raja Batteries declined 1.50% to Rs 849.60 on Thursday.

Karvy Stock Broking has a buy recommendation on JK Lakshmi Cement with a target price of Rs 424. The brokerage said that the revenue growth rose17% from the same period a year ago on account of strong volume growth. JK Lakshmi Cement fell 1.08% to Rs 270 on Thursday.