Buy Lupin for target of Rs 1760: ShareKhan

Cluster: Apple Green Recommendation: Buy Price target: Rs1,760 Current market price: Rs1,582 Price target revised to Rs1,760 •Lupin has received the US Food and Drug Administration?s approval for the blockbuster hypertension drug Lotrel’s generic version Amlodipine Benazepril capsules. The market size for the drug is $1.1 billion as per the IMS Health data and the [...]

Hold Reliance Infra for target of Rs 1300 says Firstcall Research

Firstcall Research has come out with a research report on Reliance Infrastructure. The research firm has recommended holding this stock with a target price of Rs 1300 for medium to long term perspective, in its report dated February 10, 2010. The report says, “At the current market price of the stock Rs 1075, the stock [...]

Buy Educomp Solutions for a target of Rs 926 says Angel Securities

Angel Securities in its research report dated February 08, 2010, has recommended a buy rating on the stock Educomp Solutions with a target of Rs 926. It further went on to say that, in addition to the aggressive expansion plans in the   Smart Class Segment, the company is also investing considerable amounts   towards newer initiatives [...]

Hold Maruti Suzuki for target of Rs 1550 says Indiabulls Securities

Indiabulls Securities Research in its research report dated February 10, 2010 has maintained its hold rating on the stock Maruti Suzuki, with a price target of Rs 1550. The Research firm further said, we hold a positive outlook towards the auto sector in the near-to-medium term on the back of low penetration, increasing per capita [...]

Morgan Stanley view on Indian and Global stock markets

Remain cautious on global economy, vulnerable to double dip; risky assets to be under periodic pressure; dollar could rally in short-term: Stephen Roach Stephen Roach of Morgan Stanley said that he remains cautious on global economy. He feels that the economy is vulnerable to double dip. Risky assets will be under periodic pressure. He feels [...]

JP Morgan view of Indian Stock Market

Biggest uncertainty related to Europe; situation in Asia closely linked to monetary tightening; expect bottom up stock picking in 2010 in Indian mkts: JPMorgan Securities Sunil Garg, MD, Head-Asia Banks & Fin Svcs at JPMorgan Securities said that the biggest uncertainty is related to Europe. The correction started with the fear of monetary tightening. He [...]

Nifty Technical View: ShareKhan

Nifty closed in green today forming an inside bar on the daily charts. From hereon, here stand two possibilities.  First, there can be an extension in wave five down.  Second, the wave five down is done and the index is ready for a pullback in corrective pattern on the upside, which could be between 23.6-61.8% [...]

Buy Aurobindo Pharma for a target of Rs 1167: KRChoksey Research

KRChoksey Research in its February 05, 2010 research report has recommended a buy rating on the stock Aurobindo Pharmaceuticals for a target of Rs 1167. KRChoksey Research further said that, we have positive view on the company mainly due to attractive valuations. We expect the sales to grow at a CAGR growth of 25% FY09-11E, [...]

Reduce Reliance Communication for a target price of Rs 152: Emkay Global Financial Services

Emkay Global Financial Services in its February 08, 2010 research report has recommended a reduce rating on the stock Reliance Communication, for a target of Rs 152. Emkay Global Financial Services further went on to say that Reliance Communication’s 3QFY10 results are below estimates. Net sales fell by 7% QoQ to Rs 53.1 billion v/s [...]

Global tremors add to the Indian Stock Markets woes: ShareKhan

The first month of the new year was eventful for the market. Third quarter results (of good, bad and ugly varieties); some positive economic data flow; and monetary tightening by the central bank?the market was witness to all. The result season began on a good note with information technology companies reporting better than expected numbers [...]

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