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IIFL has recommended a buy rating on Jaiprakash Associates with a target price of Rs 250 in its August 24, 2009 research report.“Jaiprakash Associates is well set to be among the top five players in power, cement and real estate in India. Doubling of cement capacity in three years, launch of 13m sq ft residential [...]
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Sunidhi Securities & Finance has recommended a buy rating on DCM Shriram Industries with a target price of Rs 175 in its August 12, 2009 research report.“In view of DCMSIL’s diversified business model, expected lower domestic sugar production, increase in the sugar consumption, increasing sugar prices coupled with improved Q1FY10 results by DCMSIL, the shares [...]
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Emkay Global Financial Services has recommended an accumulate rating on Mphasis with a target price of Rs 560 in its August 21, 2009 research report.“Mphasis beats expectations yet again with USD 232 million (+9.2% QoQ, highest in the sector once again). ITO leads the way with a 13% sequential growth; Apps/BPO grow by 9%/6% QoQ. [...]
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Hem Securities has recommended a buy rating on Crompton Greaves with a target of Rs 365 in its August 22, 2009 research report.“The company has reported good set of numbers for the quarter ended June 2009. Net sales stood at Rs.21975.20 million up by 8.00% from the corresponding quarter last fiscal, thereby converting in operating [...]
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Sharekhan has maintained its buy rating on Apollo Tyres with a target price of Rs 53 in its August 20, 2009 research report. “According to media reports, Apollo Tyres is contemplating to increase tyre prices in the wake of rising raw material prices. Price of natural rubber, the key input for tyre manufacturers, has inched [...]
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IIFL has recommended an add rating on Sterlite Industries with a 12-month price target of Rs 684 in its report dated August 20, 2009.“Sterlite has raised its bid for ASARCO’s acquisition with the upfront cash component now at USD 2.1 billion along with an unchanged USD 207 million in staggered note payments. This bid would [...]
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IIFL has recommended an add rating on HDFC in its report dated August 20, 2009.“Over the past few years, HDFC has transformed itself from a pure mortgage player to a financial services conglomerate that derives 44% of its value from non-mortgage businesses. HDFC has three distinct strengths that distinguish it from an average bank or [...]
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Sharekhan has maintained its buy rating on Bharti Airtel with a target price of Rs 453 in its August 19, 2009 research report.“For April-June 2009 quarter, Bharti Airtel (Bharti) has been successful in strengthening its gross revenue (GR) market share to 33.8% and maintaining its subscriber market share at 24%, despite the tough competition due [...]
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IIFL has maintained its add rating on Ambuja Cements with a target price of Rs 110 in its August 13, 2009 research report. “We reiterate our positive view on Ambuja Cements (ACL), post our meeting with the management. The company’s 2.2mtpa Bhatapara clinker expansion is nearing completion and is likely to be commissioned in September [...]
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Sharekhan has maintained its hold rating on Shree Cements with a target price of Rs 1750 in its August 12, 2009 research report. “Despite the overall slowdown in the economy, the revenue of the company grew by a robust 29% in FY2009. We maintain our Hold recommendation on the stock with price target of Rs [...]
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