Thursday, 9 February 2017

BUY> SELL> HOLD >> Intraday Tips by Ripples Advisory

Ripples Advisory Private Limited, Indore @9303093093

Hero Motocorp

While assigning equal-weight rating to Hero Motocorp, with target price at Rs 3,239, Morgan Stanley says drop in raw material per unit drove the beat in earnings. Maintaining margin was tough due to market share pressure & high inventory and inventory was at 7 weeks versus normal of 4 weeks, it adds.

Union Bank

Bank of America Merrill Lynch has reiterated underperform rating on Union Bank, with lowered target at Rs 79 (from Rs 87) and cut FY17/18 profit estimates by 35/15 percent as asset quality issues continued to linger.

Ramco Cement

While maintaining buy call on Ramco Cement, with increased target at Rs 775 (from Rs 675), ICICI Securities says it raised FY18-19 EPS by 6-9 percent on lower interest costs. It feels near-term stock performance could remain range-bound.

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