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Hold Mahindra and Mahindra: Indiabulls Securities

Posted on: July 9th 2009 in Brokerage Recommendations.

Indiabulls Securities Research has recommended a hold rating on Mahindra and Mahindra in its July 7, 2009 reports. “We hold a positive outlook on the Company due to the lower interest rates, easing financing terms, and the Company’s internal arrangements to finance vehicles. Further,…

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Reduce TCS, target of Rs 375: IIFL

Posted on: June 27th 2009 in Brokerage Recommendations.

IIFL has maintained its reduce rating on Tata Consultancy Services with a target price of Rs 375 in its June 25, 2009 research report. “Tata Consultancy Services TCS’s management has been vocal in highlighting a return to sequential growth (US$ revenues) by as early as 2QFY10. Wi…

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Buy AIA Engineering; target of Rs 315: Sushil Finance

Posted on: June 26th 2009 in Brokerage Recommendations.

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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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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Buy Orient Paper, target of Rs 66: Emkay Global

Posted on: June 18th 2009 in Brokerage Recommendations.

Emkay Global Financial Services is bullish on Orient Paper & Industries (OPIL) and has recommended a buy rating on the stock with a target price of Rs 66 in its June 16, 2009 report. Orient Paper Q4FY09 pre exceptional net profit of Rs 629 million is above our estimates (Rs 500 milli…

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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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Buy ITC, target of Rs 250: Nirmal Bang

Posted on: June 13th 2009 in Brokerage Recommendations.

Nirmal Bang has recommended a buy rating on ITC with a target price of Rs 250 in its June 10, 2009 research report. “At the CMP of Rs 194 per share, the stock is currently trading at a PE of 17.1x FY10E & 14.6x FY11E, which looks quite attractive when compared to the peers in …

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Buy Bharat Forge with stoploss of Rs 175: Arihant

Posted on: June 11th 2009 in Brokerage Recommendations.

MUMBAI: Arihant Capital Market has advised traders to buy Bharat Forge with stoploss of Rs 175. “On the daily charts, Bharat Forge is in buy on RSI and its 14-days RSI is currently at 65 (above 50 is consider to be in strong hands). BFL is looking weak on daily chart and has formed a…

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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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Fame India a marketperformer: Karvy

Posted on: June 10th 2009 in Brokerage Recommendations.

Karvy Stock Broking has maintained its marketperformer rating on Fame India with a price target of Rs 26 in its June 10, 2009 research report. “Net sales of the company grew by 33% YoY (lower than our expectations of 41% YoY) and sto…

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