Posts Tagged ‘cmp’

Anand Rathi recommends `Buy` on NRB Bearings

Anand Rathi Securities recommends `Buy ` on NRB Bearings with a price target of Rs 68 as against the current market price (CMP) of Rs 46 in its report dated Feb.22, 2011.

Anand Rathi recommends `Buy` on Setco Automotive

Anand Rathi Securities recommends ` Buy ` on Setco Automotive with a price target of Rs 182 as against the current market price (CMP) of Rs 143 in its report dated Feb.22, 2011.

Anand Rathi recommends `Hold` on Balkrishna Inds

Anand Rathi Securities has recommends ` Hold ` on Balkrishna Industries with a price target of Rs 144 as against the current market price (CMP) of Rs 127 in its report dated Feb.22, 2011. The broking house gave the following rationale: Robust business model: Balkrishna mainly caters to the higher margin segments off-road vehicles and agricultural tyres.

Emkay maintains `Accumulate` on Titan Industries

Emkay has recommended `Accumulate` on Titan Industries with a price target of Rs 3,876 as against the current market price (CMP) of Rs 3,369 in its report dated Feb.23, 2011. The broking house gave the following rationale: > Q3FY11 performance of Titan surpasses expectations with APAT at Rs 1.37 billion – led by robust volume growth in Watches and Jewellery segment. Factored volume upgrades in Jewellery and Watches, revised earnings by +10% and 2% for FY11E (Rs96.5/Share) and FY12E (Rs 118.7/Share).

Emkay maintains `Accumulate` on Marico

Emkay has recommended `Accumulate` on Marico with a price target of Rs 142 as against the current market price (CMP) of Rs 125 in its report dated Feb.23, 2011.

Emkay recommends `Accumulate` on Jubilant FoodWorks

Emkay has recommended `Accumulate` on Jubilant FoodWorks with a price target of Rs 600 as against the current market price (CMP) of Rs 503 in its report dated Feb.23, 2011. The broking house gave the following rationale: > Jubilant FoodWorks (JFL) reported satisfactory performance in Q3FY11-APAT at Rs 189 million meets expectation. Earnings estimates were retained at Rs 11.5/Share and Rs 15.3/Share for FY11E and FY12E

Emkay recommends `Accumulate` on Godrej Consumer

Emkay has recommended `Accumulate` on Godrej Consumer with a price target of Rs 420 as against the current market price (CMP) of Rs 359 in its report dated Feb.

Emkay upgrades HUL to `Hold`

Emkay has recommended `Hold` on Hindustan Unilever (HUL) with a price target of Rs 275 as against the current market price (CMP) of Rs 280 in its report dated Feb.23, 2011. The broking house gave the following rationale: > HUL Q3FY11 performance was below expectation – largely led by higher then expected decline in Ebidta margins (decline of 310 bps yoy to 14.1%). The volume growth was strongest at 13% yoy

Sushil Finance upgrades Elecon Engineering to `Buy`

Sushil Finance has recommended `Buy` on Elecon Engineering with a price target of Rs 102 as against the current market price (CMP) of Rs 73 in its report dated Feb. 21, 2011. The broking house gave the following rationale: Elecon has delivered decent performance during 9MFY11 with robust Revenues & APAT growth of 15.2% & 39.6% respectively and strong growth in its order inflows.

Kotak maintains `Accumulate ` on R Systems

Kotak Securities has recommended `Accumulate` on R Systems International with a price target of Rs 150 as against the current market price (CMP) of Rs 137 in its report dated Feb. 22, 2011. The broking house gave the following rationale: R Systems` 4QCY10 results were lower than expectations.

Anagram recommends `Buy` on IPCA Labs

Anagram has recommended Buy on IPCA Labs with a price target of Rs 361 as against the market price (CMP) of Rs 303 in its report dated Feb. 21, 2010

Anagram recommends `Buy` on Kajaria Ceramics

Anagram has recommended Buy on Kajaria Ceramics with a price target of Rs 100 as against the market price (CMP) of Rs 69 in its report dated Feb. 21, 2010. The brokerage house gave the following investment rationale: > Kajaria enjoys a strong brand visibility and caters to a wide product range in the ceramic is present across the range of price options and offers a wide product range in the ceramic and vitrified tiles segments

Emkay upgrade Panacea Biotec to `Accumulate`

Emkay has

Emkay maintains `Hold` on Jaiprakash Power

Emkay has recommends `Hold` on Jaiprakash Power Ventures with a price target of Rs 49 as against the current market price (CMP) of Rs 42 in its report dated Feb. 17, 2011. The broking house gave the following rationale: Board approves amalgamation of Karcham and Bina with JPVL JPVL board has approved the amalgamation of Bina Power (Phase 1 -500MW & Phase II-1000MW) and Karcham Wangtoo (1000MW) with itself effectively April 1, 2010 subject to various approvals