Posts Tagged ‘current’

KR Choksey recommends `Hold` on 3i Infotech

KR Choksey has recommended ` Hold ` on 3i Infotech with a price target of Rs 51 as against the current market price (CMP) of Rs 46 in its report dated Apr. 05, 2011. The broking house gave the following rationale: Revenue is expected to trail behind Indian IT industry overall growth rate in FY12E: 3i`s revenue is expected to increase by around 9%-10% in FY12E, whereas Indian IT industry export is expected to grow by 16%-18% in FY12E.

MAPESPL recommends `Buy` on Andhra Bank

MAPESPL (MAPE Sec) has recommended ` Buy ` on Andhra Bank with a price target of Rs 191 as against the current market price (CMP) of Rs 154 in its report dated Apr. 05, 2011

MAPESPL recommends `Buy` on City Union Bank

MAPESPL (MAPE Sec) has recommended ` Buy ` on City Union Bank with a price target of Rs 57 as against the current market price (CMP) of Rs 49 in its report dated Apr. 05, 2011.

Angel Broking maintains `Buy` on Tata Motors

Angel Broking has recommended `Buy` on Tata Motors with a price target of Rs 1,456 as against the current market price (CMP) of Rs 1,254 in its report dated Apr. 06, 2011. The broking house gave the following rationale: > TML reported 10.9% yoy (7.5% mom) growth in total volumes, led by better-than-expected numbers in the CV segment; however, PV sales came in slightly below expectations.

Angel Broking maintains `Buy` on Maruti Suzuki

Angel Broking has recommended `Buy` on Maruti Suzuki with a price target of Rs 1,522 as against the current market price (CMP) of Rs 1,300 in its report dated Apr. 06, 2011

Angel Broking maintains `Buy` on M&M

Angel Broking has recommended `Buy` on Mahindra & Mahindra (M&M) with a price target of Rs 881 as against the current market price (CMP) of Rs 744 in its report dated Apr.

MAPE Sec recommends `Hold` on DCB

MAPESPL (MAPE Sec) has recommended ` Hold ` on Development Credit Bank (DCB) with a price target of Rs 40 as against the current market price (CMP) of Rs 49 in its report dated Apr. 05, 2011. The broking house gave the following rationale: New management working on growth strategy: We do not intend to compare DCB with its peer group as the bank is going through strategic shift (FY2009-2013) under the new CEO Murali M Natarajan, who has joined from Standard…

MAPE Sec recommends `Buy` on Dena Bank

MAPESPL (MAPE Sec) has recommended ` Buy ` on Dena Bank with a price target of Rs 135 as against the current market price (CMP) of Rs 108 in its report dated Apr. 05, 2011. The broking house gave the following rationale: Improving core ROE: We expect Dena bank`s core ROE to be c

Emkay retains `Accumulate` on Tata Steel

Emkay has recommended `Accumulate` on Tata Steel with a price target of Rs 336 as against the current market price (CMP) of Rs 314 in its report dated Apr. 06, 2011

PINC Research maintains `Buy` on Bajaj Auto

PINC Research has recommended ` Buy ` on Bajaj Auto with a price target of Rs 1,649 as against the current market price (CMP) of Rs 1,458in its report dated Apr. 05, 2011. The broking house gave the following rationale: Bajaj Auto (BJAUT) dispatches for the month of March 2011 were up 12% to 308,000

Way2Wealth maintains `Buy` on IndusInd Bank

Way2Wealth Securities has recommended `Buy` on IndusInd Bank with a price target of Rs 328 as against the current market price (CMP) of Rs 264 in its report dated Apr. 04, 2011.

PINC Research maintains `Buy` on TVS Motor

PINC Research has recommended ` Buy ` on TVS Motor with a price target of Rs 82 as against the current market price (CMP) of Rs 62 in its report dated Apr. 05, 2011.

`Foreign investments in retail will help farmers`

The Indian economy is in the penultimate year of the eleventh five-year plan; the middle years of the current plan saw global financial tsunami hitting the Indian shores too. The relentless spike in oil and commodity prices apart, food inflation has been the bane of the UPA-II.

PINC Research maintains `Hold` on Maruti Suzuki India

PINC Research has recommended ` Hold ` on Maruti Suzuki India with a price target of Rs 1,368 as against the current market price (CMP) of Rs 1,301 in its report dated Apr. 05, 2011. The broking house gave the following rationale: Maruti (MSIL) dispatches for the month beat our expectation with a growth of 28.2% to 1, 22,000 units as against our estimate of 11,000 units