Foreign Institutional Investors (FIIs) welcome budget

The stock market investors, particularly FIIs, on Friday welcomed the Budget as much for its omissions as for its commissions. An intra-day gain of 420 points and a closing gain of 175 for the Sensex made for a happy picture with lots of green and few reds in the charts, in sharp contrast to the [...]

Bharti Airtel a market performer with price target of Rs 315 says Karvy Stock Broking

Karvy Stock Broking in its February 26, 2010 research report has maintained market performer rating on Bharti Airtel with a target price of Rs 315. Karvy Stock Broking also said “Bharti Airtel’s Indian operations are characterised by strong free cash flow generation. Thus, on account of this the telco believes it would be better off [...]

Buy Kalpataru Power Transmission for target of Rs 1292 says Karvy Stock Broking

Karvy Stock Broking in its February 26, 2010 research report has recommended a buy rating on Kalpataru Power Transmission, with a price target of Rs 1292. Karvy Stck Broking said “Though we incorporated above motioned revision in our earning estimates, we retain our valuation multiples for Kalpataru Power Transmission standalone as 16x on FY11 and [...]

Hold Thermax for price target of Rs 662 says ShareKhan

Thermax Cluster: Emerging Star Recommendation: Hold Price target: Rs662 Current market price: Rs565 Settles pending legal dispute with Purolite •Thermax has entered into amicable settlement with Purolite International (Purolite) ending a five-year-long legal dispute regarding its ion exchange resin business in USA. The settlement is for a lawsuit filed by Purolite in the Eastern District [...]

Hold Maruti Suzuki for price target of Rs 1639 says ShareKhan

STOCK UPDATE Maruti Suzuki Cluster: Apple Green Recommendation: Hold Price target: Rs1,639 Current market price: Rs1,369 Recalls A-Star •Maruti Suzuki has recalled one lakh units of its flagship model A-Star on account of a faulty fuel pump gasket and O-ring in the fuel tank of the car. The company has recalled all the units of [...]

Accumulate Pratibha Industries for a target of Rs 447 says Hedge Equities

Hedge Equities in its February 16, 2010 research report has recommended accumulating the stock, Pratibha Industries on dips with a target of Rs 447 to 521.  Hedge Equities further says, “With time the company has made impressive progress. It hasn’t rested on its laurels. Having created a real impression in the water supply projects industry [...]

Buy IVRCL Infrastructure and Projects for a target of Rs 372 says HDFC Securities

HDFC Securities in its February 18, 2010 research report has recommended a buy rating on the stock IVRCL Infrastructure and Projects with a target of Rs 372. It further went on to say that IVRCL Infrastructure and Projects, engaged in execution of EPC and turnkey projects across various infrastructure segments, reported a strong order inflow [...]

Buy Tata Steel for a target of Rs 718 says KRChoksey

KRChoksey in its February 17, 2010 research report has recommended a buy rating on the stock, Tata Steel with a target of Rs 718. It further said, steel prices have gone up globally during January and therefore we expect EBITDA per tonne in European operations to improve further during Q4FY10 with raw material cost remaining [...]

New product and category launches to boost revenue for Koutons: ShareKhan

Koutons Retail India New product and category launches to boost revenue Koutons Retail is an integrated apparel manufacturing and retail company in India. Positioned as a value retailer selling high-quality fashionable clothing at affordable prices, the company targets lower to middle income group. Koutons Retail operates through its four brands namely: Koutons, Charlie Outlaw, Les [...]

Hold BEL for target of 2144: ShareKhan

Bharat Electronics Cluster: Apple Green Recommendation: Hold Price target: Rs2,144 Current market price: Rs2,066 New order wins likely to boost the order position •Bharat Electronics Ltd (BEL)’s order book has increased substantially to Rs16,780 crore till date FY2010 versus Rs10,386 crore as on March 31, 2009. This was largely due to Rs4,280 crore order (34% [...]

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