MUMBAI: Indian markets ended in the negative terrain Wednesday as traders booked profits after a recent surge in equities. Capital goods, IT and auto space were down while realty stocks closed a little higher. Bombay Stock Exchange’s Sensex ended at 14840.63, down 221.86 points or 1.47…
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Buy City Union Bk, target of Rs 32: Sushil Finance
Posted on: June 26th 2009 in Brokerage Recommendations.
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 …
Buy Allahabad Bank, target of Rs 105: Maximus Securities
Posted on: June 19th 2009 in Brokerage Recommendations.
Maximus Securities has recommended a buy rating on Allahabad Bank, with price target of Rs 105, in its report dated June 18, 2009. “At the current price of Rs 75.50 the scrip discounts its estimated EPS of FY10 by 3.08x. The scrip is currently trading at a PE ratio of 4.39x and P/B…
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