UPL

Emkay Global has put a buy call on the stock of UPL. The brokerage firm has set a price target of Rs 400 on the stock. "Improved balance sheet with thrust on RoCE is expected to drive valuation multiple. We upgrade our price target to Rs 400 based on 13x FY16E estimated and maintain BUY," the firm has stated in its research report.

Just Dial

Emkay Global has put a buy rating on just Dial. The firm has maintained a Buy rating on the stock
with an upgraded target price of Rs 1725. "Valuations to remain high on back of high growth expectation, robust return on capital & scarcity premium. Valuing Just Dial on P/E of 50x on FY16
E, with implied PEG ratio of 1x," the firm has stated in its research report.

Bharat Forge

Motilal Oswal has placed a buy call on the stock of Bharat Forge with a price target of Rs 839. The firm has said that it upgraded its EPS for FY15/FY16 by 14.7 per cent /12 per cent to Rs26.1/INR36.5, led by a) upgrade in volumes and b) mix improvement.

"Valuations at ~19.5x/15.8x FY16/FY17E consolidated EPS are attractive for a global leader in forgings. Maintain Buy," the firm has stated.

Yes Bank

Angel Broking has maintained a buy rating on Yes Bank with a target of Rs 701. "Going forward, with an improving liability franchise, strong capital adequacy and lowest NPA ratio in the industry, we expect Yes Bank to deliver a CAGR of 19.5 per cent in earnings. Currently the stock trades at 1.7x FY2016E ABV. We recommend a Buy rating on the stock, with a target price of Rs 701," says Angel Broking research report.

Bank of India

Prabhudas Lilladher has put a buy call on Bank of India with a target price of Rs 320.

"Slippages remained at 4% of loans which is still a concern with management guiding for them abating only from Q3FY15. Loan book growth still remains high at 23% YoY which was mainly from corporate segment. Weak asset quality trend (largely ever greening through ARC sale) and low margin loan book growth despite lower capital levels (Tier I at 7.25%) has become a concern. Hence, we maintain accumulate with target price of Rs320 per share," says Prabhudas Lilladher research report.

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