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Target price: Rs 75 LKP Shares has recommended a ‘buy’ on Aries Agro, with a 12-month price target of Rs 75 on expectations that net profits would grow 65% and revenues would increase 42%, compounded over the next two years. The company posted a 23% drop in net profit in the first half of 2008-09, [...]
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PINC Research has maintained its hold rating on Tata Chemicals in its November 25, 2008 research report. “Tata chem. announced successful refinancing of the USD 300 million bridge loan it had taken for funding the GCIP (General Chemicals Industrial Products Inc.) acquisition in Mar’08.” “At the CMP of Rs 138, Tata chem. is trading at a [...]
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Angel Broking has recommended a buy rating on (PNB) with a target of Rs 625 in its November 21, 2008 research report. “We believe PNB is amongst the more profitable and competitive PSBs, with relatively moderate Earnings growth and strong RoE prospects. We have a positive outlook on the Bank due to its superior CASA ratio [...]
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Angel Broking mantains a buy on Bank Of India with a price target of 317 Angel Broking has recommended a buy rating on BOI with a target price of Rs 317 in its November 21, 2008 research report. “We are positive on Bank of India (BOI) due to its balanced funding mix, moderate operating costs, efficient [...]
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Global credit rating agency Standard and Poor’s has maintained a credit watch with negative implications on troubled financial giant Citigroup INC , after it received a multi-billion dollar rescue package from the US government. “We expect the support to reduce impact of deteriorating asset quality on the ratings and help to restore confidence in the company. [...]
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Maruti Suzuki India CMP: Rs 511.35 TARGET PRICE: Rs 760 BNP Paribas has maintained a ‘buy’ rating on Maruti Suzuki India even while lowering the target price from the earlier Rs 840 to Rs 760. The foreign broking firm expects the company to regain market share with the launch of A-Star. “We believe the new A-Star [...]
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Bombay Rayon CMP: Rs 154.65 TARGET PRICE: Rs 263 ULJK Securities has a ‘buy’ rating on Bombay Rayon Fashion as, according to the broking outfit, the company is increasing its production capacity and also has a diversified market presence. “The company has taken steps for expansion in Maharashtra, which include setting up of the garments manufacturing capacity [...]
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Reliance Petroleum Ltd.(RPL)Target Price: 97Religare Hichens Harrison has said that Reliance Petroleum’s (RPL) state-of-the-art refinery is slated for commencement by end-2008 with a capacity of 29mtpa (~580,000bpd), making it the sixth largest plant in the world. The refinery has a Nelson complexity of 14 – much higher than 11.7 for Reliance Industries’ existing plant – and [...]
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OnMobile Global Cmp: Rs 214 Target – 330 Ambit Capital has maintained a ‘buy’ rating on OnMobile Global while lowering the price target after the company revised its internal growth guidance apart from delaying the launch of its new product (AdRBT). “With the deteriorating macro-economic scenario and extenuating market condition, OnMobile Global management has revised [...]
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ONGC Cmp: Rs 667.75 Target – 821 BNP Paribas has maintained a ‘buy’ rating on ONGC while lowering the price target by 30% to factor in the change in the global crude prices. “A consistent decline in oil prices means that ONGC’s net realisation declines at a price, wherein oil marketing companies break-even (around $61/bbl),” says [...]
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