29 Nov: India – Stocks to watch for

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India Daybook – Stocks to watch for:


NTPC says looking at charging station business as well as power supply business for electric vehicles (Positive)

BHEL bags Rs 64-cr order to set up 6 sewage treatment plants in Raipur (Positive)

Electric Cars and Energy Storage Seen Arriving Early Next Decade (Positive)

RCOM: Agrees to sell DTH business; Pantel Tech, Veecon Media to acquire Reliance Big TV (Positive)

Shriram City Union: Plans to raise 5b rupees via debentures (Positive)

DLF board to consider issuing warrants/debentures to promoters on preferential basis (Positive)

Coal India: To Raise Executive Salaries at 8b Rupees Cost (Neutral)

Religare says petitions filed by NYLIM Jacob Ballas, Resurgence PE Investment vs co in Delhi High Court (Negative)

Walchand Nagar: Total revenues at Rs 76.2 crore versus Rs 98.8 crore, Net loss at Rs 12.9 crore versus loss of Rs 15.3 crore (Negative)

Jefferies initiates coverage on Britannia, expects EPS to rise at a 16% CAGR over FY17-20; target 4,850 Rupees (Positive)

Coal India: Upgraded to Outperform at Macquarie; target 310 Rupees (Positive)

CLSA maintains BUY on Zee Ent, believes 20% Earnings CAGR over FY18-20 should drive share price performance, target Rs 707/sh (Positive)

Deutsche Bank optimistic about NTPC on strong volume (way ahead of market); Co is the brokerage's top utility pick, target Rs 210/sh (Positive)

Macquarie view on L&T, maintains OUTPERFORM as brokerage feels upside triggers for co are in place, target Rs 1590/sh (Positive)

CLSA positive on Reliance as it believes discount reduction in Jio's smartphone ARPU will drive EBITDA further (Positive)

Macquarie reiterates Godrej Cons as the top pick among consumer sector cos in India, target of Rs 1159/sh (Positive)

Nomura cautious on Glenmark after 7 observations for Baddi unit, yet, maintains BUY with unchanged target of Rs 880/sh (Neutral)

Deutsche Bank bearish on Siemens despite co's commentary pointing to a strong orderbook for FY17 in a whole, cuts target to Rs 1,030 from Rs 1,100/sh (Negative)