Here’s what brokerages are saying on specific stocks and sectors
Macquarie on USL:
The company has taken a price cut in Mcdowell’s no.1 by 6 percent in Maharashtra.
Maintains UNDERPERFORM rating, target at Rs 443/share.
Price cut a longer term positive from a market share perspective.
Underperform rating is mainly based on significantly lower margin estimates.
FY19 EBITDA will be impacted by 3 percent.
Jefferies on Graphite India:
Maintains BUY call, target at Rs 1,415/share.
KSPCB inspected company’s Bengaluru facility post protest by locals.
Even if facility is shut down, company’s production volumes won’t be impacted.
Graphitisation at Nasik can be restarted.
CIMB on NMDC:
Believe there could be mining disruption in Odisha.
Some mine leases expire on March 31, 2020 in Odisha.
Co set to benefit from the likely mining disruption in Odisha.
Global ore prices to remain stable, sentimental positive for the company.
Maintains ADD rating, target raised to Rs 161 from Rs 151/share.
Nomura on Coal India:
Healthy interim dividend in Q4 & OFS within 12 months look probable.
Outlay for a share buyback in FY19 would be capped at Rs 2,920 crore.
Maintains BUY call, target at Rs 320/share.