Brokerage Recomendations

Motilal Oswal research is bullish on Grasim Cement and has maintained buy rating on the stock with target of Rs 3558, which implies upside potential of 21%.

HDFC Securities is bullish on Gujarat State Fertiliser and has maintained market performer rating on the stock with target potential of 12% upside.

Morgan Stanley is bullish on Parsvnath Developers and has maintained Overweight raiting on the stock with target of Rs 472.

HSBC Global research is bearish on TVS Motors and has maintained underweight rating on the stock with target price of Rs 55 with Potential return of -16%.

Motilal Oswal research is bullish on Union Bank and has maintained buy rating on the stock with target of Rs 180.

Edelweiss is bullish on Nicholas Piramal and has maintained buy rating on the stock. Research firm believe that the EPS for stock could move up from 13.2 in FY08E to 15.7 and from 17.3 to 20.4 in FY09E.

P-Sec research is bullish on M&M (Mahindra & Mahindra) and has maintained buy rating on the stock. Recent correction in stock prices over concerns of rising interest rate gives good upside from current level.

Sharekhan research is bullish on Tata Motors and has maintained buy rating on the stock with target price of Rs 792.

Sharekhan Stock Broking firm is bulllish on Bharat Electronics and has maintained buy rating on the stock with target price of Rs 1975.

Sharekhan reserch is bullish on Tata Tea and has maintained buy rating on the stock with target price of Rs 970.

HSBC Global research has maintained underweight rating on NTPC from neutral rating and set a target price of Rs 179.