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IIFL has recommended a buy rating on KSK Energy with a 12-month target of Rs 225 in its August 11, 2009 report. “KSK Energy (KSK) builds and operates power plants on the ‘group captive generation’ principle, making its revenue model a unique one in India. It currently has 144MW capacity operational, and is set to [...]
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Karvy Stock Broking has maintained its underperformer rating on Grasim Industries with a revised price target of Rs 2303 in its report dated August 11, 2009. “We have revised our earning estimates and price target upward due to delay in cement price decline and cost reduction. However despite earning upgrade; the company is currently trading [...]
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KRChoksey has maintained its hold rating on Sanwaria Agro Oils with a price target of Rs 72 in its report dated August 10, 2009. “The consumption of soy oils is outstripping the production and also use of oils for bio fuels will be a key bullish factor for increasing demand of soy oil. Also, margins [...]
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Indiabulls Securities Research has maintained its sell rating on Ambuja Cements in its July 30, 2009 research report.“Ambuja Cements’ results for Q2’09 were a mixed bag. While net sales grew by 18.2% yoy led by a healthy growth in sales volumes and realisations, the EBITDA margin declined by 248 bps yoy and the adjusted net [...]
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Prabhudas Lilladher has maintained its accumulate rating on Housing Development and Infrastructure (HDIL) with a target of Rs 280 in its July 29, 2009 research report. “HDIL reported revenues to the tune of Rs 2,954 million, a decline of 48% YoY. Revenues were largely led by sales of TDRs. The company sold 1.8 million TDRs [...]
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KRChoksey has recommended a buy rating on Sterlite Industries, in its report dated July 30, 2009. “Sterlite’s strength lies in its strong balance sheet and lowest cost of operations; with companies foray in to power business its profitability will go up further from next financial year. We value the firm by SOTP method which gives [...]
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“Reliance Industries Ltd (RIL)’s performance in Q1FY2010 was below our and street’s expectations mainly on account of lower-than-expected gross refining margin (GRM) and higher effective tax rate. The company disappointed the street with its GRM declining to USD 7.5 per barrel from USD 15.7 per barrel in Q1FY2009 and USD9.9 per barrel in Q4FY2009. We [...]
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“In Q1FY2010 JP Associates Ltd (JAL) has reported strong top line growth for all its business verticals. The reported bottom line of the company grew by 2.9x year on year (yoy) due to one-time items. We continue to value JAL using SOTP methodology and value the stock at Rs 266 per share. We have now [...]
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Buy Anant Raj Industries for short-term target of Rs 134-150: Nirmal BangNirmal Bang has recommended buying Anant Raj Industries for short-term target of Rs134-150.“Buy Anant Raj Industries on on dips. The stock has strong support at Rs 106-101 levels. Short term target could be around Rs 134-150,” the report said.
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Buy Aurobindo Pharma for target of Rs 545: India InfolineIndia Infoline has advised traders to buy Aurobindo Pharma for target ofRs 545.“On the daily chart, Aurobindo Pharma has given a bullish breakout and in the process has also made an intermediate top, suggesting that its short-term trend has also turned up. Over the last four [...]
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