India Daybook – Stocks to watch for: 15 Jan

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India Daybook – Stocks to watch for:

COGENCIS: YESBANK In Pact With European Invst Bank For $400 Mn Green Finance. (Positive)

Tata Chemicals completes sale of urea biz to Yara Fertilisers for Rs 2682 crore (Positive)

HDFC Limited will raise Rs 11,103.6 crore by issuing 6.4 crore shares at Rs 1,726.05 per share (Positive)

Societe Generale buys 25 lakh shares of Gayatri Projects (Positive)

India's advertising spend to grow by 12.5% in 2018: Report (Positive)

BHEL commissions 250 MW thermal power unit in Bihar (Positive)

IDFC Bank to merge with Capital First, Ratio 139:10; V Vaidyanathan to be CEO of merged entity (Positive)

RBI Approves to hike FPI limit in Granules India to 49 percent from 24 percent earlier (Positive)

TRAI cuts international interconnect charges to 30 paise per minute. (Positive)

Eclerx to consider details of share buyback on Jan. 23 (Positive)

Filatex India’s expansion project at Dahej commences trial production (Positive)

Trigyn Technologies receives multiyear IT services contract worth $1.5 million from IFAD, Rome, Italy (Positive)

REC transfers entire stake in wholly owned subsidiary REC Transmission to Power Grid (Positive)

Polaris board approves indicate price of Rs 370/Sh for delisting (Negative)

Edelweiss on Infosys: Upgraded to ‘Buy’ from ‘Hold’; raised price target to Rs 1,265 from Rs 1,010. BFSI, retail and digital look strong for 2018. (Positive)

JP Morgan on Infosys: Most verticals for Infosys seem to be in better shape than TCS, raised price target to Rs 1,230. (Positive)

CLSA on Adani Ports: Rise in dividends/buybacks, M&As & coal production growth key issues to watch, raised price target to Rs 505. (Positive)

Geojit ICICI Pru Life: Initiated ‘Buy’ with price target of Rs 450. Outlook on Indian life insurance sector remains bright (Positive)

HSBC on Guajarat Pipavav: Upgraded to ‘Buy’ from ‘Hold’; raised price target to Rs 174 from Rs 144. Pipavav is set to receive another two weekly services. (Positive)

CLSA on HDFC: HDFC should see 65% lift in its core BVPS over March 17-19 led by capital raising, raised price target to Rs 2200. (Positive)

ICICI Direct on Himadri Speciality: Initiated ‘Buy’ with price target of Rs 245. Growth visibility is healthy with impressive capex and firm financing plans amid robust product demand. (Positive)

Edelweiss On Capital First-IDFC Bank Merger: Capital First: Maintained ‘Buy’, Raised price target to Rs 1,033 from Rs 927. IDFC Bank: Maintained ‘Hold’, raised price target to Rs 74 from Rs 67. (Positive)

CLSA on IDFC Bank: Combined Bank’s net worth will be 16% higher & Profit 23% higher, raised price target to Rs 90. (Positive)

CLSA on Infosys: Maintained ‘Buy’; raised price target to Rs 1,300 from Rs 1,230. Previous quarter remained in line in revenue growth and steady margins. (Neutral)

Credit Suisse on Infosys: Maintained ‘Neutral’; raised price target to Rs 1,100 from Rs 1,000. Previous quarer results were in line; Guidance maintained. (Neutral)