Monday;July 18,2016: Five big limits to buy or sell today:

Reliance Industries: Morgan Stanley has an overweight rating with a target of Rs 1329 per share assuming USD 4.50 per barrel spread as a sustainable level. It adds lower DD&A, higher run-rate Of GRMs are upside risks to stock.

Bank of America Merrill Lynch has reiterated a buy call with a target of Rs 1200 per share. Goldman Sachs has maintained buy rating but increased target price to Rs 1160 from Rs 1145 per share.

LIC Housing Finance: Bank of America Merrill Lynch has reiterated buy rating and increased target to Rs 635 per share. It has cut FY17 estimates by 4 percent to reflect one-time charges in Q1.

Infosys:JP Morgan has an overweight rating but slashed target price to Rs 1250 from Rs 1350 per share as Q1 print disappointed significantly on revenue. It says internal metrics are still trending well and adverse implications of Brexit are key risks to target and rating. Kotak has an add rating but slashed target price to 1250 from Rs 1340 per share. It says Q1 revenue growth is disastrous against backdrop of a strong guidance while lack of renewals of consulting deals & delay in large deals led to the miss. Key business metrics such as growth from large accounts held up well. It also says that Q1 was a blip rather than a breakdown of the business model.

Tata Steel:CLSA has a sell rating with a target of Rs 235 per share. It remains negative given weak steel price environment.

Alembic Pharma: ICICI Securities initiates coverage with add rating and a target of Rs 654 per share. It expects 20 percent revenue and 22.3 percent PAT CAGRs over FY16-19.