Posts Tagged ‘cmp’

Karvy maintains `Buy` on Patel Engineering

Karvy has recommended `Buy` on Patel Engineering with a price target of Rs 529 as against the current market price (CMP) of Rs 365 in its report dated Nov.

Networth Capital recommends `Accumulate` on RComm

Networth Capital has recommended `Accumulate` on Reliance Communications (RComm) with a price target of Rs 185 as against the market price (CMP) of Rs 161.8 in its report dated Nov.

Emkay reiterates `Buy` on McNally Bharat

Emkay has recommended `Buy` on McNally Bharat Engineering with a price target of Rs 418 as against the market price (CMP) of Rs 239 in its report dated Nov.

Prabhudas Lilladher reiterates `Buy` on Adhunik Metaliks

Prabhudas Lilladher has recommended `Buy` on Adhunik Metaliks with a price target of Rs 147 as against the market price (CMP) of Rs 111 in its report dated Nov. 16, 2010

Emkay maintains `Reduce` on Mahindra Satyam

Emkay has recommended `Reduce` on Mahindra Satyam with a price target of Rs 70 as against the market price (CMP) of Rs 85 in its report dated Nov. 16, 2010

Sharekhan cuts India Cements earnings estimates

Sharekhan has recommended `Reduce` on India Cements with a price target of Rs 92 as against the market price (CMP) of Rs 116 in its report dated Nov. 15, 2010

Angel Broking maintain `Buy` on Tata Steel

Angel Broking has recommended `Buy` on Tata Steel with a price target of Rs 702 as against the market price (CMP) of Rs 606.3 in its report dated Nov. 15, 2010. The brokerage house gave the following investment rationale: On a standalone basis, Tata Steel`s net revenue increased by 25% y-o-y and 8.8% q-o-q to Rs 70.38 billion on account of higher sales volume, improving product mix and higher realisations.

Kotak recommends `Buy` on Sunil Hi Tech Engineers

Kotak Securities has recommended `Buy` on Sunil Hi Tech Engineers with a price target of Rs 250 as against the market price (CMP) of Rs 169 in its report dated Nov. 15, 2010

Prabhudas Lilladher maintains `Accumulate` on Unitech

Prabhudas Lilladher has recommended ` Accumulate` on Unitech with a price target of Rs 107 as against the current market price (CMP) of Rs 81 in its report dated Nov. 15, 2010. The brokerage house gave the following investment rationale: Results broadly in-line: Unitech reported revenues of Rs 6.4 billion, a YoY growth of 26.5%; however, a sequential decline of 22.2% on account of slower execution, being a heavy monsoon quarter.

Weekly calls: Rolta India, Lumax Auto Tech

ICICI Securities has recommended following stocks for weekly trading on Nov.

Angel Broking maintains `Buy` on Dishman Pharmaceuticals

Angel Broking has recommended `Buy` on Dishman Pharmaceuticals with a price target of Rs 228 as against the current market price (CMP) of Rs 174 in its report dated Nov 11, 2010. The brokerage house gave the following investment rationale: Revenue in line but OPM disappoints: Dishman reported net sales to the tune of Rs 2.13 billion (Rs 217 billion), down 2.1% y-o-y and in line with our estimates. The company clocked revenues of Rs 1.58

Ambit Capital downgrades Hindalco Industries to `Hold`

Ambit Capital has recommended `Hold` on Hindalco Industries with a price target of Rs 245 as against the current market price (CMP) of Rs 234 in its report dated Nov 11, 2010.

Emkay maintains `Sell` on India Cements

Emkay has recommended “Sell“ on India Cements with a price target of Rs 114 as against the current market price (CMP) of Rs 116 in its report dated Nov 12, 2010. The brokerage house gave the following investment rationale: Adjusted loss at Rs 449 million (-132.5% y-o-y) below estimates (Rs 364 million).

Emkay retains `Reduce` on Bharati Shipyard

Emkay has recommended `Reduce` on Bharati Shipyard with a price target of Rs 196 as against the current market price (CMP) of Rs 254 in its report dated Nov 12, 2010. The brokerage house gave the following investment rationale: Q2FY11 performance below estimates PAT declines 11% y-o-y: Bharati Shipyard`s (BSL) net profits declined for the second consecutive quarter in Q2FY11, below estimates – due to decline in operating margins and high interest costs.