Stocks on brokerages’ radar for December 16

JM Financial has a ‘buy’ recommendation on JSW Infrastructure, India’s second largest private port player. Analysts at JM Financial feel that the company is well positioned to capture the opportunities arising from the government’s thrust on infrastructure spending and privatisation of port terminals. The brokerage house has a target price of Rs 390 (+22%).

Elara Securities has a ‘buy’ recommendation on Kalpataru Projects International with an updated target price of Rs 1,550 (+19%). Analysts at the broking house feel that a strong order momentum mainly led by transmission & distribution (both domestic and international) and building & factories (B&F), steady execution coupled with gradual improvement in EBITDA margin, and focus on tight control on working capital support the buy reco on the stock.

ICICI Securities is bullish on GAIL, Mahanagar Gas, Indraprashtha Gas and Gujarat Gas. The sector analyst at I-Sec said that although natural gas consumption in India has shown a rising trend, although it has been volatile. In such a scenario, “growth in overall gas demand may drive strong growth in GAIL’s transmission and trading volumes,” underpinning I-Sec’s optimism on GAIL’s operational performance over the next two years.

Motilal Oswal Financial Services is bullish on UltraTech Cement, Ambuja Cement and J K Cement. We are structurally positive on the industry. Analysts at MOFSL prefer cement producers “with a balanced geographic mix, higher capacity utilizations, and a strong track record of capacity expansion and successful integration.” In addition, they are positive on those cement companies that have a strong presence in the north, central and the western regions.

A host of domestic brokerages have a ‘subscribe’ rating on Inventurus Knowledge Solutions (IKS Health) that opened its IPO on Thursday and is closing on Monday. The brokers that are positive on the issue include SBI Securities, Nirmal Bang Securities, Anand Rathi Securities and K R Choksey Shares & Securities. The IPO has a price band of Rs 1,265 to 1,329 per share.

Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.

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