Buy, Sell, Hold: 4 Stocks And 2 Sectors Are On The Radar Of Investors Today

The global financial services firm said that Torrent Power’s tender confirms about LNG demand in India if spot prices are subdued. This was based on its tender seeking supply of 36 LNG cargoes from January next year. It expects Torrent Power to import 0.5 mmtpa LNG In FY18 & 1 mmtpa From FY19.

In the broader sense, driven by rising global supply, it expects spot LNG price to remain under USD 6/mmbtu. A recovery in industrial activity should drive the company’s volume CAGR of 10 percent over FY17-19e and it expects LNG Demand from city gas distribution, refining, power sector to drive volume growth.

The research firm said that the bank’s capital raising exercise should help it to raise tier-1 by 70 basis points to 11 percent. Further, the capital raise should allow banks to absorb any NPLs from associate, it added. The bank’s net profit estimates were raised by 2-3 percent by BofA-ML. It expects uptick in growth and synergies in merger from FY18.

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