We have collated a list of recommendations from various global brokerage firms for February 15.
The brokerage cut its target price of ONGC to Rs 187 from Rs 216, retaining the Buy call.
"Maintain Buy rating given inexpensive valuations and sensitivity to oil prices," Deutsche Bank said in a research note.
Deutsche Bank cut its FY19-20 earnings estimate for ONGC by 4 percent.
ONGC | Brokerage: Citi | Rating: Neutral | Target: Rs 172
ONGC's EBITDA beat estimates due to lower than expected operating expenditure, said Citi.
There is room for the government to reduce its stake in the company, according to Citi.
Credit Suisse said it upgraded the stock to neutral from underperform, and raised the target price to Rs 23,300 from Rs 22,000.
"Margin may be weak on weak operating leverage and high discounts by competition," Nomura said in a research note.
The brokerage expects medium and heavy commercial vehicles industry to peak in FY20, hence has a weak outlook on Ashok Leyland.
CLSA cut the stock's target price to Rs 340 from Rs 390, keeping the Buy call.
"New strategy to churn capital should reach fruition in March end," the brokerage said.
CLSA cut its FY19-21 EPS estimate for the company by 5-6 percent.
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