Brokerages views on JSPL, Godrej Properties, Sesa Goa, GAIL

Jindal Steel & Power

CLSA has an 'underperform' on JSPL with a target of Rs 360. The management has highlighted that none of their under-development projects would be impacted by policy actions linked with the CAG report. There might be some delays in Jharkhand based power projects

Godrej Properties Ltd
Morgan Stanley is equalweight on Godrej Properties with a target of Rs 576. The company has priced its new project at Rs 5,500 per square feet which appears to be in line with other recent launches in the area.

Sesa Goa Ltd

JPMorgan is overweight on Sesa Goa with a target of Rs 240. The suspension of environment clearances for mines in Goa has worsened the situation since it is not clear now whether mines will need fresh m-o-e-f approvals even if the state government allows some mines to be operational again.

GAIL India Ltd

Standard Chartered has downgraded GAIL to inline with a target of Rs 395. Earnings are likely to face multiple headwinds from a rising subsidy burden, muted transmission volumes and higher capitalisation charges on new pipelines.

Glenmark Pharma JPMorgan maintains 'overweight' on the stock and has raised its target price from Rs 440 earlier to Rs 515.

BofA-ML on banks

The investment bank maintains 'buy' rating on ICICI Bank, HDFC Bank and Axis Bank with a target price of Rs 1200, Rs 685 and Rs 1300 respectively.

Sesa Goa Ltd

JPMorgan maintains 'overweight' rating on the stock with a target price of Rs 240.

Emami Ltd

Credit Suisse maintains 'outperform' rating on the stock with a target price of Rs 619.


Disclaimer: The above report is based on market buzz and information given by dealers. Above mentioned analysts may have positions in the stocks recommended. Please consult your financial advisor before taking any position in the stocks