Investment strategies
on Stocks
Godrej Consumer
CLSA has outperform call with target at Rs 1650 per share stating that home insecticide offers huge potential given the low per-capita consumption.
Lupin
Bank of America Merrill Lynch reiterates buy call with a target of Rs 1950 per share on incremental competition in gFortamet.
ICICI Bank
Free Stock Future Tips Citi has a buy rating but reduced target to Rs 300 from Rs 315 per share. It says business/stock is getting closer to a turn and FY18 is likely to be better than FY17. It adds ICICI Bank’s large, better-valued asset sales could protect profitability.
Coal India
JP Morgan is neutral on Coal India with target at Rs 330 per share. It says there are downside risks if e-auction coal prices need to recover.
Biocon
Citi maintains buy as biosimilars progress continues to support premium multiples. It says Biocon is most leveraged play on biosimilars from India.
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