This Article is From Jul 01, 2014

TCS, Hindalco, Bharti Infratel in Focus Today

The Nifty opened higher on Tuesday. Sentiment is likely to be positive today as foreign investors bought cash shares worth Rs 1,288 crore on Monday.

Here are the stocks to track in trade today

  1. Jubilant FoodWorks in an analyst meet said it expects sub-10 per cent same store sale in FY15. The company is planning to open 25 Dunkin Donuts stores in FY15. Jubilant FoodWorks has turned more aggressive on its product strategy. The company has introduced 10-12 new pizza varieties in north and south India, compared to typical 2-3 launches per annum.

  2. TCS: Competition Commission of India (CCI) has cleared the proposed joint venture between the Tata group company and Mitsubishi Corp. CCI said the deal would not have any adverse impact on competition in India.

  3. Jyoti Structures' board has approved raising up to Rs 120 crore through qualified institutional placement.

  4. Anant Raj: According to reports, the company is planning to exit hospitality business to reduce its debt.

  5. Union Bank of India has proposed to raise Rs 1,386 crore through qualified institutional placement.

  6. Hindalco Industries: CLSA has upgraded the stock to 'buy' from 'sell'. The brokerage believes Hindalco shares can become double in four years. Hindalco's attempt to de-leverage its balance sheet in last few years will boost its equity value, said CLSA.

  7. Bharti Infratel: Credit Suisse has maintained 'outperform' rating on the stock with a target price of Rs 300 per share. The brokerage believes its earnings per share may increase 6-17 per cent over FY16-17, led by better tenancy of its towers. The company will be a beneficiary of competition in the telecom sector, says Credit Suisse.

  8. DLF: Bank of America Merrill Lynch (BoAML) has maintained buy on the stock with a target price of Rs 250 per share. Finalisation of tax rules for real estate investment trust in the budget will be a big catalyst for the company, said BoAML. Pick-up in the office sector and interest rate cut remain key trigger for the company, added BoAML.

  9. Reliance Communications: Kotak has maintained sell on the stock with a target price of Rs 95 per share. The brokerage says that the stock remains overvalued at current level. Equity dilution may not increase the fundamental enterprise value of the company, said Kotak.

  10. IRB Infrastructure Developers: Macquarie has maintained outperform on the stock with a target price of Rs 241 per share. Strong toll revenue growth from BOT (Build Operate Transfer) projects is likely to continue, said Macquarie. The brokerage believes that construction margin for the company will be sustainable.



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