Nomura maintains its ‘buy’ recommendation on JSW Energy after the company announced that it would acquire O2 Power for Rs 12,680 crore. Analysts have a target price of Rs 885 (+38%).
Emkay Global Finance has a ‘reduce’ recommendation on L&T Finance with a target price of Rs 150 (+11%). Analysts feel till the time the microfinance industry (in which L&T Finance has some exposure) is out of the current troubles it’s facing, investors would remain cautious on the company.
Prabhudas Lilladher has a ‘hold’ recommendation on KEC International with a target price of Rs 997 (-17%) after it announced the completion of the transfer of its cables business to KEC Asian Cables.
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.
