We have collated a list of recommendations from various global brokerage firms for March 5.
Eicher Motors | Brokerage: Citi | Rating: Buy | Target: Rs 24,700
The brokerage maintained the Buy rating on the stock, slashing the target price to Rs 24,700 from Rs 25,200.
Deutsche Bank cut its FY19-21 earnings estimates for Eicher Motors by 2-3 percent.
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Tata Motors | Brokerage: Macquarie | Rating: Outperform | Target: Rs 260
JLR's cost reduction plans will yield positive results in 2019, according to Macquarie.
"Average incentives increased due to an increase in incentives on Jaguar models," Macquarie added.
Tata Motors | Brokerage: Nomura | Rating: Neutral | Target: Rs 187
The brokerage has factored in a 12 percent decline in global wholesales for JLR in February, and a 10 percent decline in FY19 overall sales volumes.
A no-deal Brexit could create risks to demand, according to Nomura.
Coal India | Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 268
"Strong production growth of 7 percent in February implies an acceleration in recent months," Morgan Stanley said in a research note.
Deutsche Bank on two-wheelers
Deutsche Bank has a Buy call On Hero Motocorp and Hold on TVS Motor, Bajaj Auto and Eicher Motors.
Domestic two-wheeler sales volumes have witnessed a third consecutive month of declines, the brokerage pointed out.
"Growth remains subdued off a strong base; motorcycles outperform," Deutsche Bank added.
Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. First Published on Mar 5, 2019 11:17 am
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