Buy IRB Infrastructure for target of Rs 289 -Angel Broking

Angel Broking in its research report has recommended a buy rating on the stock IRB Infrastructure for a target price of Rs 289. The research firm says IRB has one of the largest domestic BOT project portfolios in the Road and Highway Sector comprising 16 projects of which 10 are operational. In light of the [...]

Job creation top priority in 2010 -President Barack Obama

President Barack Obama renewed his pledge on Saturday to make job creation his top priority in 2010 but said it was also critical to rein in a record budget deficit that threatened an economic recovery. Obama used his weekly radio and Internet address to remind Americans of the various proposals he put forward in the [...]

Breach of 4700 levels can lead to further losses -CLSA

Laurence Balanco, Asian Technical Research at CLSA said that key support for Nifty is seen at 4650-4700. He feels that Nifty can test 4700 level. He also feels that the breach of 4650 will lead to further losses. Next support beyond 4700 is at 4000. He further said that Dollar Index can hit 83 mark. [...]

US Economic Growth Best in six years

The United States economy grew at its fastest pace in over six years at the end of 2009, but a sluggish job market is still souring economists on the sustainability of the recovery. Gross domestic product expanded at an annual rate of 5.7 percent in the fourth quarter, well above analysts’ expectations. It had grown [...]

Bank of Baroda an outperformer with price target of Rs 650 -Karvy Stock Broking

Karvy Stock Broking in its January 29, 2010 research report has recommended an outperformer rating on the stock Bank of Baroda with a price target of Rs 650. It further went on to say that given the backdrop of a rise in bond yields and sluggish credit growth in the industry, Bank of Baroda, (BOB) [...]

SBI a market performer -Karvy Stock Broking

Karvy Stock Broking in its January 28, 2010 research report has recommended a market performer rating on the stock State Bank of India, SBI with a target price of Rs 2155. It further said that, in Q3FY10, State Bank of India’s net interest income grew by 9.7% (Y/Y) to Rs 63.2 billion higher than our [...]

Buy United Spirits -Motilal Oswal

Motilal Oswal in its January 25, 2010 research report has recommended a buy rating on the stock United Spirits. Motilal Oswal says that United Spirit’s volume growth was impacted by supply disruptions in Telengana (Andhra Pradesh) and change in procurement policy by the state corporation in Tamil Nadu. We believe the secular volume  growth story [...]

Buy IPCA Laboratories for a price target of Rs 1470 -ShareKhan

ShareKhan in its January 23, 2010 research report has recommended a buy rating on the stock IPCA Laboratories with a price target of Rs. 1470. Recommendation: Buy Price target: Rs1,470 Current market price: Rs1,204 ShareKhan in its research report cites the following reasons for the recommendation: •Ipca Laboratories (Ipca) has reported a strong performance for [...]

Vascon Engineers Ltd IPO Details

Price Band: Rs.165 to Rs.185 Issue Opens on: January 27, 2010 Issue Closes on: January 29, 2010 Vascon Engineers Ltd IPO Issue highlights •Vascon Engineers Limited (VEL) is one of the leading engineering, procurement & construction (EPC) services company, having completed 181 contracts with an aggregate contract value of Rs 889 cr. Of these contracts [...]

Buy Bharti Airtel for Target of Rs 414 -Motilal Oswal

Motilal Oswal in its January 25, 2010 research report has maintained a  buy rating on the stock Bharti Airtel with a price target of Rs 414. It further went on to say that, Bharti’s 3QFY10 earnings (Rs 22.1 Bn; up 2.3% YoY, down 4.8% QoQ) were ahead of our estimates driven by relatively lower margin [...]

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