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 [...]