Coal India, Lupin, Adani Ports, Tata Steel and more: BUY or HOLD? -Check what brokerages have to say about these shares

Zee Business Research Analyst Ashish Chaturvedi explaining the brokerages' stance for various stocks on Tuesday said that bumper returns are expected from most of these shares. 

Being bullish on Coal India, Citi said, the next wage revision due in July is key to watch out for the company, Citi said. It maintains a Buy stance with a target of Rs 160 per share.

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Citi further said, e-Auction prices will trade at a discount unless demand rises sharply for Coal India and the company trades well below its historical mean but in-line with regional players. 

Another brokerage firm JP Morgan said, Coal India is the biggest laggard among Indian Commodity stocks, and it is amongst the cheapest stocks within our coverage universe. It maintains an Overweight stance with a target of Rs 200 per share. The stock is down around a per cent at Rs 157.80 apiece. 

For Kajaria Ceramics, Goldman Sachs maintains a Neutral stance with a target price of Rs 900 per share from Rs 800 per share and Jefferies maintaining a Buy stance expects the stock to grow by Rs 1165 per share as against Rs 1085 earlier price. The stock is down around a per cent at Rs 1006 apiece. 

JP Morgan finds Tata Steel to be a perfect candidate for re-rating and maintains an Overweight stance by degrading the target at Rs 1610 apiece. The brokerage says EBITDA over the next 3 years may settle at a higher level versus the average of the last few years. The stock is up over a per cent at Rs 1179 per share. 

Macquarie maintains an Outperform call, with a target of Rs 1040 per share. The brokerage firm says focus on growth view increased with the appointment of new CEO and it’s a favourite stock of brokerage firm in the sector. The stock up over half a per cent at Rs 926.85 per share. 

US FDA’s warning letter to Lupin’s Somerset unit brings risk to the forefront, JP Morgan is cautious on the stock due to the risk of an earnings disappointment. It maintains an underweight stance, downgrading the target to Rs 965 apiece. The stock is trading flat but in the red at Rs 1191 apiece.  

Negative news flow around Adani Ports’ group cos is a sentiment negative but unlikely to have any impact on the co’s business prospects, Citi said. The brokerage firm maintained a Buy call and said unlikely to have any impact on the company’s business prospect. It sets a target of Rs 1000 per share.  

Nomura downgrades Affle India with a Neutral stance at Rs 5000 per share on the back of high valuations, it expects the change in privacy policy would be a risk to the company. The stock is trading flat but negative at Rs 5174.8 per share.