Brokerages on Stock Market on 5th Mar 2013

on Tuesday In NEW DELHI The Indian markets were moving in a positive range,led by gains in ICICI Bank,BSE-2.98 %,RILBSE-1.94 % and Tata Motors Ltd,BSE-3.35 %. 

The latest recommendations by brokerages on select stocks today: 

ZEE Entertainment Ltd: UBS Securities has demoted Zee from buy to sell and has also reduced its price target from Rs 245 to Rs 200. The brokerage firm feels that positives from digital representating and improving corporate governance are already price in. 

UBS feels that losses arising out of Ten Sports and news channels may dampen near term earning momentum. 

ZEE Entertainment,BSE -1.75 % was trading 2.2 percent lower at Rs 214.50. It has hit from Rs 214.50 to Rs 221.80 in trade today. 

Petronet LNG: CLSA has upgraded Petronet LNG,BSE 1.37 % to 'buy' with the price target around at Rs 180.The brokerage says the recent correction makes the risk reward very attractive. 

CLSA expects near doubling of volumes and EPS over FY14-17 and expects the stock to also double in the same period.  

The stock was trading 0.6 per cent higher at Rs 142.85. It has hit from Rs 141.80 to Rs 145.80 in trade today. 

Bajaj Auto Ltd:JPMorgan has downgraded Bajaj Auto,BSE -1.10 % from neutral to underweight. The brokerage has lowered its price target from Rs 2060 to Rs 1800. The growth outlook is weakening given the rising fuel prices and competition intensifying. 

The investment bank has lowered earnings estimates by 4 per cent for FY14 & 15 to factor in uncertain growth outlook. 

Bajaj Auto was trading 1.4 per cent lower at Rs 1959.It has hit from  Rs 1944 to Rs 1997.60 in trade today. 

NHPC: Credit Sussie has upgraded NHPC,BSE -3.32 % from low to high post sharp correction. The brokerage maintains the target price of Rs 23. 

Credit Suisse expects the issue with J&K state government over NHPC's J&K projects to be resolved in favour of the company.A favourable resolution of the issue implies a 13 per cent upside in NHPC stock. 

The stock was trading 0.5 per cent higher at Rs 19.70. It has hitfrom low Rs 19.50 to high Rs 20.80 in trade today.

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