Prabhudas Lilladher has recommended a buy rating on Sun TV, with price target of Rs 264, in its report dated June 25, 2009. “Sun TV’s core business stands firm despite the industrywide slowdown. The company has guided for 12-15% growth in the ad revenues for FY10. However, the sa…

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Sushil Finance has recommended a buy rating on Shanthi Gears, with price target of Rs 65, in its report dated June 22, 2009. “On back of the tough business environment, Shanthi has taken measures to revamp and restructure the entire operational and organizational structure, which m…

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Sushil Finance has recommended a buy rating on Blue Star, with price target of Rs 385, in its report dated June 09, 2009. “During FY09, Blue Star’s net sales increased by 15% YoY to Rs 25689.5 million. Its EBIDTA increased by 16% at Rs 2725.8 million, while the EBIDTA margins dec…

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Prabhudas Lilladher has maintained its accumulate rating on ABG Shipyard, with price target of Rs 230, in its report dated June 22, 2009. “Although ABG’s debt increased from Rs 12 billion in Q3FY09 to Rs 15 billion in Q4FY09, the overall finance charge declined from Rs 513 millio…

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Sushil Finance has recommended a buy rating on City Union Bank with a target of Rs 32 in its report June 18, 2009 report. “Key strengths of the Bank are high margins of +3.0%, one of the lowest opex ratio of 38%,well-capitalized with CAR of 12.5% (supported by very high percentage …

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Sushil Finance has recommended a buy rating on AIA Engineering with a target price of Rs 315, in its June 09, 2009 report. “AIA has a manufacturing capacity of 165,000 TPA and it had plans to expand another 100,000 TPA capacity, preferably a SEZ, to manufacture high chrome mill int…

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Sun Pharma recovered partially from the day’s low of Rs 1,070, and finally ended 12% lower at Rs 1,140. The counter registered heavy volumes of around 580,400 shares, which is around 30-times higher than its two-week daily average volume of around 19,230 shares on the BSE. Sun Pha…

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The initial public offer of Mahindra Holidays & Resorts, through which it is expecting to raise up to Rs 301 crore, got fully subscribed on the final day of offer today. The IPO of the hotel chain arm of the Mahindra & Mahindra Group received bids for over 1.39 crore equity …

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MUMBAI: Indian markets ended the first day of July series on a high note on Friday. Buying was seen across the board with frontline stocks outperforming midcap space. National Stock Exchange’s Nifty closed at 4376.20, 134.35 points or 3.17 per cent. The broader index touched an intra-…

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MUMBAI: Wealthy stock traders — those who missed out the post-election result rally as well as the handful who tasted success — are trying to ensure that they have a winning formula ready to cash in on the post-Budget swing in stock prices. These players are creating trading combinat…

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