Posts Tagged ‘current’

Firstcall recommends `Buy` on CESC

Firstcall has recommended `Buy` on CESC with a price target of Rs 376 as against the current market price (CMP) of Rs 327 in its report dated Mar. 10, 2011. The broking house gave the following rationale: > At the current market price of Rs 327, the stock is trading at 8.58 x FY11E and 7.91 x FY12E respectively

Sharekhan maintains `Buy` on Cadila Healthcare

Sharekhan has recommended ` Buy ` on Cadila Healthcare with a price target of Rs 861 as against the current market price (CMP) of Rs 767 in its report dated Mar.

`Buy` BHEL, Tata Steel, TCS: CanMoney

Broking firm Canara Bank Securities (CanMoney) said that the current levels can be utilized for buying BHEL, Tata Steel, TCS. At noon, the market continued to be in the negative side and was trading with volatility.

KR Choksey recommends `Buy` on Tata Steel

KR Choksey has recommended `Buy` on Tata Steel with a price target of Rs 740 as against the current market price (CMP) of Rs 596 in its report dated Mar.

SKP Sec recommends `Hold` on McLeod Russel

SKP Securities has recommended ` Hold ` on McLeod Russel India with a price target of Rs 296 as against the current market price (CMP) of Rs 248.85 in its report dated Mar. 10, 2011.

Bajaj Capital recommends `Buy` on Axis Bank

Bajaj Capital has recommended ` Buy ` on Axis Bank with a price target of Rs 1,490 as against the current market price (CMP) of Rs 1283.4 in its report dated Mar. 08, 2011.

Complex fertiliser players to maintain healthy profitability:CRISIL

Credit rating agency, The Government of India (GoI), on March 9, 2011, notified increased nutrient-based subsidy (NBS) rates applicable for complex fertilisers for 2011-12 (refers to financial year, April 1 to March 31). In CRISIL`s opinion, the new NBS rates augur well for complex fertiliser players, since the rates take into account the increase in international prices for di-ammonium phosphate (DAP) and for key raw materials from the second half of the current fiscal year. CRISIL believes that producers with strong supplier relationships will now be better placed to negotiate raw material prices,..

PINC Research recommends `Sell` on Nestle India

PINC Research has recommended ` Sell ` on Nestle India with a price target of Rs 3,208 as against the current market price (CMP) of Rs 3,940 in its report dated Mar. 10, 2011. The broking house gave the following rationale Volume to drive growth: We believe stiff competition in most brands would force Nestle to protect its turf and retain market share, which it would do through higher volumes

KR Choksey recommends `Hold` on Ambuja Cement

KR Choksey has recommended `Hold` on Ambuja Cement with a price target of Rs 135 as against the current market price (CMP) of Rs 124 in its report dated Mar. 08, 2011. The broking house gave the following rationale: Top line increases marginally on back of higher dispatch: Ambuja Cement`s net sales for the CY10 stood at Rs 73.9 billion v/s Rs 70.77 billion last year, sales were up by 4.4% on back of 6.4% growth in dispatches.

Motilal Oswal maintains `Buy` on L&T

Motilal Oswal has recommended ` Buy ` on Larsen & Toubro (L&T) with a price target of Rs 1905 as against the current market price (CMP) of Rs 1567.55 in its report dated Mar. 07, 2011. The broking house gave the following rationale: External environment challenging, long-term prospects promising: Lack of decision making by government and an uncertain policy environment is impacting infrastructure spending and hence L&T`s order intake.

Leyland targets sales of 1.11.2 lakh vehicles for FY12

Ashok Leyland is targeting volume sales of between 1.11.2 lakh vehicles for financial year 201112. The company’s CFO K Sridharan said that total volume sales for the current financial year was likely to be around 94,000 vehicles1,000 vehicles short of the target that the company had set for itself.

Angel Broking maintains `Accumulate` on Gujarat Gas

Angel Broking has recommended `Accumulate` on Gujarat Gas with a price target of Rs 418 as against the current market price (CMP) of Rs 375 in its report dated Mar. 05, 2011.

Fertiliser, food subsidy spend to go up further

The fertiliser industry has been given an additional Rs 80

Minimum 15 states need to ratify GST for implementation: FM

The government is scheduled to table the GST Constitution Amendment Bill during the current session of Parliament for consideration. And, the FM is hopeful of having the GST legislation before yearend. “GST is a winwin situation for all stakeholders,” he said, adding that it would, however, depend on political consensus and states’ support