Subdued global indicators for trade but midcap action galore with index scaling new highs. Here are 5 stocks brokerages and traders are keeping a close watch on-:
- Hospital Stocks, Apollo, Fortis, Max in focus they are likely to get hit with the Govt announcing a Rs 150 cap as service charge on procurement price of vaccines.
- Shriram Transport: Fundraising plans of Rs 2500 cr, Morgan Stanley remains bullish on the stock with an Overweight rating and a target of Rs 2000/share
- PNB: CLSA upgrades stock to Outperform from Underperform, price target more than doubled from Rs 22/share to Rs 47/share. Brokerage bets that worst for the credit cycle is over.
- Indigo: Likely to hit some turbulence with Citi cutting the price target to Rs 1330/share, maintaining a Sell rating as cash crunch continues. CEO Rono Dutta tells investors that February-like traffic only expected by the December quarter.
- JK Tyres: Company stating it will be not adding capacity but instead sweating out existing assets to meet raised demand