Brokerage views on FDI in insurance, Cement sector, Thermax, Havells India

Read on to know what brokerages have to say about select stocks that are likely to be in action today:

FDI in insurance: BofA-ML on insurance FDI says Max, Reliance Life, Birla Sunlife to benefit the most as insurance business contributes the most to their "parent" valuations compared to bank owned insurers.

However, Bajaj Allianz would benefit the least as they have an agreement with their partner that allows the partner to increase its stake at a pre decided price.

Credit Suisse on Cement sector: The brokerage firm maintains ‘neutral’ stance on ACC and Ambuja Cements with a target price of Rs 1462 and 194 respectively. For UltraTech Cements, the brokerage firm has ‘underperform’ rating on the stock with a target price of Rs 1559.

Macquarie initiates coverage on Cummins India and Thermax: The brokerage firm initiated coverage on Cummins India with an ‘outperform’ rating on the counter and keeps its target price at Rs 600.

Macquaries initiated coverage on Thermax with an ‘outperform’ rating and keeps its target price at Rs 636.

Havells India Ltd: Citi maintains ‘buy’ on the counter with a target price of Rs 739.