Research reports summary from brokerages this week, with six BUY reports, and one SELL report for MindTree.
Mindtree also has the ignominy of being listed among the Top 20 Wealth Destroyers by ETMarkets. Mindtree has lost nearly 35% of its market value over the last one year, troubled by top exec exits, multiple project cancellations and the headwinds that have hit the IT sector.
Stock pick of the week by brokerages is Essel Propack Limited. The company has received three BUY reports over the last three weeks, with two brokerages revising targets upwards.
| Date | Stock | Target | Upside (%) |
Type | CMP | Broker | Change in past 6M |
| 2016-09-22 | HeidelbergCement India Limited | 160.00 | 18.74% | BUY | 134.75 | Dynamic Levels | 2x |
| 2016-09-21 | Essel Propack Limited | 262.00 | 11.97% | BUY | 234.00 | Emkay and 1 other | 1x |
| 2016-09-21 | Tata Coffee Limited | 150.00 | 16.50% | BUY | 128.75 | Dynamic Levels | |
| 2016-09-21 | Idea Cellular Limited | - | - | BUY | 83.30 | Nirmal Bang | 2x |
| 2016-09-20 | Banco Products (I) Limited | 270.00 | 21.65% | BUY | 221.95 | Dynamic Levels | |
| 2016-09-20 | Siti Cable Network Limited | 35.00 | - | - | 34.55 | ICICI Securities Limited | |
| 2016-09-20 | Blue Dart Express Limited | 6500.00 | 19.45% | BUY | 5441.70 | ICICI Securities Limited | |
| 2016-09-19 | Relaxo Footwears Limited | 419.00 | - | - | 465.00 | Emkay | |
| 2016-09-19 | MindTree Limited | 490.00 | 3.48% | SELL | 507.65 | Emkay | 2x |
See all reports here.
