Long-term bets: What to Buy, Sell and Hold

Edelweiss Securities has maintained a buy rating on Interglobe Aviation with a price target of Rs 1,186. The brokerage said that the third quarter profit was impacted by higher-than estimated employee ex pense (ESOP and advance crew hiring), lease rental (secondary market planes and rupee depreciation) and tax rate (30% versus 20% earlier) and resulted in lower-than-estimated profit. However, the broker age believes that IndiGo will continue to deliver industry leading growth given its robust business model and prudent long-term strate gies. The stock fell 6.79% to Rs 903 on Monday.

Prabhudas Lilladher retained its buy rating on L&T Finance Holdings but lowered the price target to Rs 75 from Rs 80. The brokerage said that though the growth mo mentum for the company continues, its rural portfolio remains a drag. The stock rose 0.52% to Rs 58.45 on Monday.

Geojit BNP Paribas has reiterated its buy rating on Bharat Forge with a price target of Rs 974. The broker age believes de-risking the utilisation in non-auto segment with sectors like Defence, Rail and Mining will improve the overall ca pacity utilisation. The stock rose 1.83% to Rs 813.35 on Monday.

Yes Securities maintain accumulate rating on Coromandel International with a target price of Rs 234 as the company penetrates its markets further and gains more market share, it targets higher capacity utilisation going forward, according to the brokerage. . Shares of Coromandel International ended marginally lower at Rs 164.45.