Brokerage house PINC Money has recommended Pantaloon Retail (India) as stock of the week for a target price of Rs 350 in 3- 4 months as against current market price (CMP) of Rs 285. Price breakout: “This stock has had a price breakout after over a month of consolidation
Posts Tagged ‘market-price’
Firstcall maintains `Buy` on TTK Prestige
Firstcall has recommended `Buy` on TTK Prestige with a price target of Rs 2,610 as against the current market price (CMP) of Rs 2,250 in its report dated Apr. 06, 2011
Firstcall Research maintains `Buy` on Lupin
Firstcall Research has recommended `Buy` on Lupin with a price target of Rs 479 as against the current market price (CMP) of Rs 416 in its report dated Apr. 02, 2011. The broking house gave the following rationale: > At the current market price of Rs 416.30, the stock is trading at 20.77 x FY11E and 17.99 x FY12E respectively.
Weekly call: Vakrangee Software
ICICI Securities has recommended following stock for weekly trading on Mar. 28, 2011: Coromandel Fertilisers Buying is recommended above Rs 310 as against current market price (CMP) of Rs 316.30 with target of 335/ higher and stop loss of Rs 305. Comments: Breaking out of 3-month long consolidation
Pick of the week: Syndicate Bank
Edelweiss Securities selects Syndicate Bank (SYNBAN) as weekly stock pick. It has recommends on Buy for a price target of Rs 135 as against current market price of Rs 115.9. Following is the investment rationale from Edelweiss Securities: INVESTMENT THEME After a subdued FY10 where banks are up against a high base, the earnings trajectory is expected to pick up over the next two years for following reasons.
Firstcall maintains `Buy` on Novartis
Firstcall has recommended `Buy` on Novartis India with a price target of Rs 744 as against the current market price (CMP) of Rs 620 in its report dated Mar. 24, 2011. The broking house gave the following rationale: > At the current market price of Rs 620, the stock is trading at 12.75 x FY11E and 11.52 x FY12E respectively.
Firstcall recommends `Buy` on M&M
Firstcall has recommended `Buy` on Mahindra & Mahindra with a price target of Rs 743 as against the current market price (CMP) of Rs 652 in its report dated Mar. 23, 2011. The broking house gave the following rationale: > At the current market price of Rs 652, the stock is trading at 13.02 x FY11E and 11.16 x FY12E respectively
Sushil Finance maintains `Buy` on Eicher Motors
Sushil Finance has recommended `Buy` on Eicher Motors with a price target of Rs 1,500 against the current market price (CMP) of Rs 1,210 in its report dated Mar. 23, 2011. The broking house gave the following rationale: CV business continues to achieve robust growth in volumes and market share In the CV business, run through its 54.4% subsidiary VECV (with JV partner Volvo), its volumes have started growing sharply; with visible market share gains as well
3 stocks getting rating upgrade at brokerages
Following are the 3 stocks which were upgraded by the various broking firms: M&M Financial Services Current market price: Rs 700 Target price: Rs 883 Upside: 1.26% Brokerage: Kotak Securities Strong momentum in business growth for MMFSL continued during Q3FY11 – loan book grew 45.6% YoY and 11.5% QoQ. This has been driven by good monsoon, higher allocation to government programs like NAREGA etc and enhancement in the minimum support prices (MSP) of various crops to rural India where MMFSL has a strong presence (80% branches). Strong core earning growth continued during Q3FY11 also (NII..
3 momentum calls from Sharekhan
Following are the 3 momentum calls from Sharekhan: Infosys: Rating: Sell CMP Of Rs: 2,948 `Sell` Infosys at the current market price of Rs 2,948 with the stop loss of Rs 3,063 for the targets of Rs 2,800 and Rs 2,700. The stock is expected to provide a quarterly close with a two bar reversal pattern indicating that a deep dip is expected in it
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
Sunidhi recommends `Buy` on Sarla Performance
Sunidhi has recommended `Buy` on Sarla Performance Fibers with a price target of Rs 160 as against the market price (CMP) of Rs 113 in its report dated Feb. 24, 2011.



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