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Buy Jubilant Organosys, target of Rs 212: IIFL

Posted on: June 19th 2009 in Brokerage Recommendations.

IIFL has maintained its buy rating on Jubilant Organosys, with 12-month price target of Rs 212, in its report dated June 17, 2009. “Adjusted for interest cost on FCCBs, Jubilant is trading at 9x FY10ii core earnings. We believe there is room for re-rating as concerns on the over-st…

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Buy Everest Kanto Cylinder, target of Rs 250: IIFL

Posted on: June 9th 2009 in Brokerage Recommendations.

IIFL has upgraded its rating on Everest Kanto Cylinder to buy with a target price of Rs 250 in its June 09, 2009 research report. “Our recent meeting with EKC’s management has reinforced our positive long-term view on the stock, notwithstanding near-term challenges in both domes…

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Buy Orchid Chemicals, target of Rs 163: Sharekhan

Posted on: June 8th 2009 in Brokerage Recommendations.

Sharekhan has maintained its buy rating on Orchid Chemicals & Pharmaceuticals, with price target of Rs 163, in its report dated June 5, 2009. “At the current market price of Rs 136, Orchid is discounting its FY2009E earnings by 10.7x and its FY2010E earnings by 8.3x. Though th…

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Buy SBI, target of Rs 1950: Networth Stock Broking

Posted on: June 8th 2009 in Brokerage Recommendations.

Networth Stock Broking has recommended a buy rating on State Bank of India, SBI with a price target of Rs 1950 in its report. “Aggressive out of the money call buying. Lowest level of outstanding in futures. Only 30.8 lacs (3 million) shares are outstanding in futures. Last time su…

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Reduce IVRCL Infra; target of Rs 320: IIFL

Posted on: June 2nd 2009 in Brokerage Recommendations.

IIFL has maintained its reduce rating on IVRCL Infrastructure and Project with a price target of Rs 320 in its report dating June 2, 2009. “IVRCL Infrastructure and Projects revenues grew 23% YoY in 4Q, line with our estimate, while EBITDA margin contracted 177bps YoY to 8.7%—a s…

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Buy Mahindra & Mahindra, target of Rs 756: Motilal Oswal

Posted on: June 2nd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Mahindra & Mahindra with a target price of Rs 756 in its May 29, 2009 research report. “M&M’s operational performance for 4QFY09 was significantly better than we had expected, driven by merger of PTL and cost savings, with …

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Buy RComm, target of Rs 350: Motilal Oswal

Posted on: June 2nd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Reliance Communications with a target price of Rs 350 in its May 30, 2009 research report. “RCOM is seeking shareholders’ approval to raise funds through equity/equity-linked instruments which could result in potential equity dilutio…

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Buy Nagarjuna Construction, target of Rs 151: Motilal Oswal

Posted on: June 2nd 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Nagarjuna Construction Company with a target price of Rs 151 in its May 29, 2009 research report. “Nagarjuna Construction’s revenues for 4QFY09 stood at Rs 11 billion (-12.4%YoY, vs estimate of Rs 14.3 billion) and net profit of …

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Buy Dishman Pharma, target of Rs 230: Hem Securities

Posted on: May 30th 2009 in 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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Accumulate NIIT Technologies: Parag Parikh

Posted on: May 27th 2009 in Brokerage Recommendations.

Parag Parikh Financial Advisory Services has recommended an accumulate rating on NIIT Technologies in its May 27, 2009 report. “NIIT Technologies reported a subdued Q4 with consolidated revenues down 9% from Q3 at Rs 2270 million from Rs 2485 million. A Rs 221 million loss on accou…

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