Brokerage Radar Stocks
Macquarie on Indian Aluminium
📌 Expect Aluminium and Alumina prices to rise on Norsk Hydro shutdown and U.S. sanction on Rusal.
📌 Continue to assess developments, but a positive impact in short term is apparent.
📌 Hindalco, NALCO and Vedanta to benefit.
📌 NALCO is most sensitive to prices; Hindalco is top pick on these events.
Jefferies on NTPC
📌 Maintained ‘Buy’ with a price target of Rs 205.
📌 Ended previous fiscal on a strong capacity note.
📌 Coal availability issues of third quarter are resolving; Expect normalcy by September.
📌 Regulated ROE during the fiscal 2020-2024 could positively surprise.
📌 Expect 11 percent compounded growth rate in earnings over the fiscal 2017-2020.
📌 Capacity driven earnings growth to re-rate stock over next 12 months.
