Prabhudas Lilladher is bullish on Jyoti Structures and has maintained its buy rating on the stock in its May 18, 2009 reports. “At the CMP of Rs 104, Jyoti Structures trades at 7.8x FY10E and 6.1x FY11E earnings of Rs 13.3 and Rs 17, respectively. A falling interest rate environmen…

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Prabhudas Lilladher has maintained its accumulate rating on Grasim Industries with a price target of Rs 2400 in its report dated May 20, 2009. “Grasim Industries (Grasim) reported PAT of Rs 3.85 billion, in-line with our expectation of Rs 3.81 billion. Undoubtedly, the sentiments h…

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Prabhudas Lilladher has upgraded its rating to accumulate on Punjab National Bank, PNB with a price target of Rs 682 in its report dated May 21, 2009. “Punjab National Bank’s (PNB’s) Q4FY09 PAT grew by 59.2% YoY at Rs 8.66 billion. This was higher than our estimate of Rs 7.1 bi…

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Parag Parikh Financial Advisory Services has recommended a buy rating on ICRA in its May 18, 2009 report. “ICRA Limited has delivered better than expected results for the quarter and year ended FY09. The quarterly results show a sequential growth of 32% in topline & 40% in PAT…

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BSE Sensex: (13913) we said ‘the market has closed positive and has thrown in a crucial support at 13611 and the market is said to be UP as long as 13611 holds’. Well the market has managed to stay put perhaps due to F&O rollover. Our analysis remains the same…the market is sai…

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NEW DELHI: India’s largest telco Bharti Airtel on Monday said it has in talks to acquire a 49% stake in Africa’s largest telco MTN to create a entity stretching from the Cape of Good Hope across the African continent, West Asia and the Indian Subcontinent with revenues of about $20 bi…

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Shashank Khade, VP, Portfolio Management Services at Kotak Securities is of the view that Rural Electrification Corporation, REC is relatively cheaper than Power Finance Corporation, PFC. Khade told CNBC-TV18, “REC is relatively cheaper than Power Finance Corporation and because of…

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Early on Monday morning, India’s leading telecom company Bharti Airtel announced it had renewed its effort for a significant partnership with MTN Group Limited and is exploring a potential transaction whereby, pursuant to a scheme of arrangement, Bharti would acquire a 49% shareholding …

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P Phani Sekhar, Fund Manager, Angel Broking is of the view that one should hold Bharti Airtel. Sekhar told CNBC-TV18, “This Bharti deal to my mind makes a lot of sense because if you look at the Indian scenario, the new subscriber growth is going to taper down in the next 4-6% quar…

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Bharti Airtel has confirmed that it may acquire 49% stake in South Africa-based telecom major MTN. Commenting on the deal, Bhavesh Gandhi of India Infoline said, “I think the deal looks positive for Bharti especially since after maybe 500-600 million subscribers, all the major top thre…

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