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Accumulate TV TodayNetwork, target of Rs 102: Angel

Posted on: June 19th 2009 in Brokerage Recommendations.

Angel Broking has recommended an accumulate rating on TV TodayNetwork, with price target of Rs 102, in its report dated June 18, 2009. “At the CMP of Rs 90, TVTN is trading at 9.7x FY2011E EPS of Rs 9.3. We believe improved traction in terms of viewership of its channels and higher…

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Accumulate Crompton Greaves, target of Rs 306: Angel

Posted on: June 17th 2009 in Brokerage Recommendations.

Angel Broking has recommended an accumulate rating on Crompton Greaves, with price target of Rs 306, in its report dated June 12, 2009. “It is pertinent to note here that during April 2005 – June 2009, CGL traded at an average discount of about 48% to the forward rolling P/E …

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Accumulate IVRCL Infra, target Rs 399: Angel Broking

Posted on: June 11th 2009 in Brokerage Recommendations.

Angel Broking has recommended an accumulate rating on IVRCL Infrastructure with a price target of Rs 399 in its report dated June 10, 2009. “We have used SOTP methodology to value the company owing to its diversified portfolio. Our SOTP-based target price for IVRCL works out to Rs …

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Buy Indus Ind Bank with stoploss of Rs 73.30: Angel

Posted on: June 11th 2009 in Brokerage Recommendations.

MUMBAI: Angel Broking has advised traders to buy Indus Ind Bank with stoploss of Rs 73.30. “Indus Ind Bank has given a trend line breakout with rising volumes. Further, it has given a positive crossover on RSI and Stochastic oscillators. Traders can buy this stock above Rs 79 levels w…

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Reduce Fame India, target of Rs 17: Angel

Posted on: June 9th 2009 in Brokerage Recommendations.

Angel Broking has downgraded its rating on Fame India from neutral to reduce with a target price of Rs 17 in its June 06, 2009 research report. “For 4QFY2009, Fame reported a robust Top-line growth of 33% yoy to Rs 23.2 crore (Rs 17.4 crore) on a standalone basis. Fame declared a B…

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Buy Ipca Labs, target of Rs 684: Angel Broking

Posted on: June 2nd 2009 in Brokerage Recommendations.

Angel Broking has maintained its buy rating on Ipca Laboratories with a target price of Rs 684 in its May 29, 2009 research report. “Ipca, a vertically integrated company with a geographically diversified business model, has grown at a steady pace in the past posting a CAGR of 17.3% in…

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Accumulate NIIT, target of Rs 55: Angel Broking

Posted on: June 1st 2009 in Brokerage Recommendations.

Angel Broking has upgraded its rating on NIIT from neutral to accumulate with a target price of Rs 55 in its May 29, 2009 research report. “Going ahead, we expect NIIT to clock CAGRs of 11.4% and 14% in Top-line and Bottom-line, respectively over FY2009-11E. The current turmoil in …

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Reduce Indraprastha Gas; target of Rs 122: Angel Broking

Posted on: May 30th 2009 in Brokerage Recommendations.

Angel Broking has recommended a reduce rating on Indraprastha Gas with a price target of Rs 122 in its report dated May 28, 2009. “For 4QFY2009, IGL reported 21.8% yoy jump in Operating Income to Rs 228.5 cr (Rs 187.6 cr), which was marginally above our expectation of Rs 225.8 cr. …

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Accumulate Bharti Airtel, target of Rs 903: Angel Broking

Posted on: May 26th 2009 in Brokerage Recommendations.

Angel Broking has recommended an accumulate on Bharti Airtel with a price target of Rs 903 in its report dated May 25, 2009. “Bharti Airtel is India’s leading provider of GSM-based mobile services with 96.7 million subscribers at the end of April 30, 2009. In fact, in May, th…

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Reduce Balaji Telefilms, target of Rs 35: Angel Broking

Posted on: May 15th 2009 in 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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