Stallion Asset | Multibagger stock ideas for Wealth Creation

Buy, Sell, Hold: 3 stocks and 2 sectors are being tracked by analysts today ITC, HDFC Bank and IT sector, among others are on the radar of investors today. ITC Brokerage: Nomura | Rating: Buy | Target: Rs 389 Nomura believes that most headwinds for ITC are out of the way and strong earnings revival is likely. It sees earnings CAGR of 17.6 percent over FY17-20 on the back of revenue CAGR of 14 percent. Further, it has raised FY19 earnings by 2 percent to incorporate changes with GST rollout. HDFC Bank Brokerage: CLSA | Rating: Buy | Target: Rs 2,000 CLSA highlighted that the bank was investing in artificial intelligence, automation and branch digitisation. Further, it added, that the digitisation investment should aid employee productivity. Moreover, growth in debit cards will be the key to CASA growth going ahead. With agri loans growing, the report highlighted that NPLs could see some pressure from farm loan waivers. Tata Power Brokerage: Ambit | Rating: Buy | Targe...

According to us,Tuesday’s sharp fall did unsettle 9,500 mark, but the pull back in the closing hour was suggestive that the falls may be overdone.To this end, a pull back is expected, but should such retracements be challenged at 9,540, then the downside objectives of 9,370 or 9,280 will be firmly in play.