Quotes with Resistance & Support
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Emkay positive on ACC, Ambuja, Ultratech & India Cement

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services maintains its positive view on ACC, Ambuja, Ultratech and India Cement. With monsoon just around the corner and new cement capacities expected to bunch up in H2FY2010, investors have been rather vary of trend in cement price this monsoon. Cement dispatches ...

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Reduce Pantaloon Retail, target of Rs 165: IIFL

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

IIFL has recommended a reduce rating on Pantaloon Retail with a target price of Rs 165 in its May 14, 2009 research report. “Pantaloon Retail (PRIL) ‘same-store sales’ (SSS) growth slowed down to 3% YoY in April, mainly owing to the steep decline in home retailing sales. Home r...

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Buy Hindustan Unilever, target of Rs 276: Emkay

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on Hindustan Unilever with a price target of Rs 276 in its may 12, 2009 research report. “In Q5FY09, HUL reported (1) 5.1% yoy growth in its revenues to Rs 40.4 billion, below our estimates (2) operating profit growth at...

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Hold Asian Paints, target of Rs 1027: KRChoksey

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

KRChoksey has maintained its hold rating on Asian Paints with a price target of Rs 1027 in its May 13, 2009 research report. “Asian Paints (APL) reported net sales of Rs 1,424.9 crore, up 26% y-o-y and 8% q-o-q. Revenues were mainly driven by strong rebound in the domestic decorati...

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Reduce Balaji Telefilms, target of Rs 35: Angel Broking

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

Angel Broking has downgraded its rating on Balaji Telefilms from accumulate to reduce with a target price of Rs 35 in its May 13, 2009 research report. “Balaji Telefilms (BTL) posted a decline of 48.8% yoy in top-line (2nd consecutive quarter of decline) to Rs 49.4 crore (Rs 96.5 c...

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Buy Bharti Airtel, target of Rs 880: Asit C. Mehta

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

Asit C. Mehta has maintained its buy rating on Bharti Airtel with a price target of Rs 880 in its May 12, 2009 research report. “Bharti Airtel company continues to be a leader with strong earnings visibility in the current challenging environment. In a scenario of tight liquidity, ...

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Buy Sintex, target of Rs 197: Emkay

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on Sintex with a price target of Rs 197 in its May 12, 2009 research report. “Sintex reported a 9% yoy decline in Q4FY09 revenues to Rs 8.5 billion led by commodity price deflation and muted volume growth. However, adju...

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Election effect on stock market NSE BSE

Posted on: Friday, May 15th 2009 and is filed under Stock Views.

How will market react to the 16th May election day result, will it be up or down. Will sensex go up or down on monday nifty tips for monday intraday calls for monday nse bse stock market trend on monday will the new government be profitable for indian investors election day results effect...

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Sell Tata Communications, target of Rs 457: Asit C. Mehta

Posted on: Friday, May 15th 2009 and is filed under Brokerage Recommendations.

Asit C. Mehta has downgraded its rating on Tata Communications to sell from hold with a price target of Rs 457 in its may 12, 2009 research report. “Tata Communications’ business mix is progressively shifting towards enterprise data business, leading to steady revenue growth and ...

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Worst not yet over: ICICI Securities

Posted on: Friday, May 15th 2009 and is filed under Press Releases.

MUMBAI: Amidst the growing debate over the sustainability of the current rally, ICICI Securities has asserted that at this is point in time it would be too premature to say – “the worst is over”. It would be too early to conclude that the rally is the threshold to a probable recover...

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