What to buy, sell and hold

Religare has a buy rating on Natco Pharma with a target price of Rs 580. The brokerage said the stock will remain under pressure in the near term but expects the issues at the company’s Kothur and Manali plants to be resolved soon and so retains its estimates. Natco Pharma declined 4.09 per cent to Rs 392.55 on Tuesday.

JP Morgan has an overweight rating on Dish TV with a target price of Rs 120. The brokerage said the company’s adjusted EV/ EBITDA multiple is at 9x FY17E earnings and 7x FY18E earnings which they consider cheap. Dish TV gained 3.45 per cent to Rs 82.45 on Tuesday.

Phillip Capital has a buy rating on NTPC with a target price of Rs 164 citing that the company will benefit from demand-side reforms such as UDAY. NTPC’s current valuations of 1.05x FY18 P/B include concerns, but exclude the positives of the regulated model that should generate core RoEs of 18-18.5 per cent in FY16-18. NTPC declined 1.58 per cent to Rs 127.30 on Tuesday.