Buy, hold or sell? Spotlight on 4 large cap stocks OIL India CLSA has upgraded it to buy from underperform stating that stock a play on recovery in Brent to USD 60 per barrel in 12 months. It says higher EPS drives an increase target to Rs 450 per share. It says continued efforts to bring down subsidy burden and rise in gas production are possible triggers for the stock.
Eicher Motors Credit Suisse maintains neutral rating as it is negative on mass 2-wheelers. It has increased target to Rs 24500 from Rs 23000 per share. It says growth profile remains well ahead as it is a most attractive 2-wheeler stock. It sees 35 percent earnings CAGR over FY16-19 for company versus 10 percent for Hero and Bajaj. It expects profit growth to remain ahead of volumes. Jubilant Food Citi cuts target to Rs 945 from Rs 995 per share and maintains sell rating. It is worried about consistent fall in average revenue per store as store roll-outs fall to a 20quarter low. It expects sequential pick-up as management maintains 130-140 stores guidance for FY17.