Brokerage Bets for Tuesday's Trade: PNB Housing up another 20%

Here are the top stocks on the brokerages radar-:

CLSA on Aurobindo Pharma

• Cuts rating from BUY to Outperform on limited upside
• Sets price target at Rs 1040/share (+4% upside)
• Limited upside following the recent rally leading to cut in rating

Morgan Stanley on Glenmark Pharma

• Raises price target to Rs 554/sh vs Rs 424/share earlier
• Expect 8-10 launches (including three niche products) in the US
• Retain Underweight rating on the stock

ICICI Sec on PNB Housing Finance

• Upgrade to BUY rating
• Raise price target to Rs 678/sh vs Rs 385/sh earlier
• Board approval for preferential issue to Carlyle reduces overhang
• Aditya Puri’s nomination to the Board will lend considerable credence

Kotak Instl Equities on Karur Vysya Bank

• Maintain Buy rating, Price target at Rs 65/sh
• Decline in operating profits on account of lower provisions
• Asset quality is showing resilience