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Buy Dishman Pharma, target of Rs 230: Hem Securities

Posted on: May 30th, 2009 and is filed under Brokerage Recommendations.

Hem Securities has recommended a buy rating on Dishman Pharmaceuticals & Chemicals with price target of Rs 230 in its May 28, 2009 research report. “The company is a leader in CRAM business amongst the largest Indian pharmaceutical companies. Moreover, in global crisis and wea…

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IIP Numbers – GDP grew 5.8% in Jan-March quarter

Posted on: May 29th, 2009 and is filed under Press Releases.

The sectors which registered significant growth rates in Q4 of FY09 over Q4 of FY08 are ‘construction’ at 6.8%, `trade, hotels, transport and communication` at 6.3%, `financing, insurance, real estate and business services` at 9.5%, and `community, social and personal services` at 12….

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Equity MFs see rise in NAV

Posted on: May 29th, 2009 and is filed under Press Releases.

COIMBATORE: The continuous upswing in the markets has brought the net asset value (NAV) of many mutual funds in the equity diversified category above Rs 10, a price at which new fund offers are available in the market. Of the 270-odd equity MFs, 61 funds whose NAVs plunged to single digi…

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Rel Power in talks for coal JV with Australian co; stk up

Posted on: May 29th, 2009 and is filed under Stock News.

Reliance Power touched an intraday high of Rs 189.80 and an intraday low of Rs 178.10. At 10:10 am, the share was quoting at Rs 183.65, up Rs 3.50, or 1.94%. The company is in talks for coal JV with Australian company, reports The Econom…

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Intraday calls for 29-05-09

Buy Suzlon at 90.75, target: 94. Stoploss: 88.30 Buy Bharti Airtel at 795, target: 825. Stoploss: 784 If markets show weakness later during the day, short sell: JSW Steel …

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Hold Deepak Fertilizers, target of Rs 103: Emkay Global

Posted on: May 28th, 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has changed its recommendation from buy to hold on Deepak Fertilizers and Petrochemicals Coprn with target of Rs 103 in its May 26, 2009 research report. “Company’s Q4FY09 results were better t…

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Buy Dishman Pharma, target Rs 221: Reliance Money

Posted on: May 28th, 2009 and is filed under Brokerage Recommendations.

Reliance Money has maintained its buy rating on Dishman Pharmaceuticals & Chemicals with target of Rs 221 in its May 28, 2009 research report. “Dishman Pharmaceuticals & Chemicals Ltd (Dishman) reported better than expec…

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Dishman Pharma an outperformer: Karvy

Posted on: May 28th, 2009 and is filed under Brokerage Recommendations.

Karvy Stock Broking has downgraded its rating on Dishman Pharmaceuticals & Chemicals from buy to an outperformer with a target price of Rs 220 in its May 28,2009 research report. “The management has given the guidance of 15% …

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Sell NTPC, target of Rs 175: IIFL

Posted on: May 28th, 2009 and is filed under Brokerage Recommendations.

IIFL has recommended a sell rating on NTPC with a target price of Rs 175 in its May 26, 2009 research report. “NTPC’s audited FY09 PAT was 5% above the provisional numbers, primarily on account of tax write-backs of Rs 3.8 billion pertaining to other income. Adjusting for thes…

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Buy Bharti Airtel, target of Rs 866: IIFL

Posted on: May 28th, 2009 and is filed under Brokerage Recommendations.

IIFL has maintained its buy rating on Bharti Airtel with a target price of Rs 866 in its May 26,2009 research report. “Bharti and MTN yesterday announced a revised arrangement for a potential transaction that would result in Bh…

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