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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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Sell Cummins India; target of Rs 195: Emkay Global

Posted on: May 30th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has maintained sell rating on Cummins India with a price target of Rs 195 in its report dated May 27, 2009. “Cummins India reported its Q4FY09 results which included amalgamation of its two subsidiaries, Cummins Auto Services Limited and Cummins Sale…

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Hold Deepak Fertilizers, target of Rs 103: Emkay Global

Posted on: May 28th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has changed its recommendation from buy to hold on Deepak Fertilizers and Petrochemicals Coprn with target of Rs 103 in its May 26, 2009 research report. “Company’s Q4FY09 results were better t…

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Accumulate IRB Infra; target of Rs 145: Emkay Global

Posted on: May 27th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has revised its rating on IRB Infrastructure Developers from buy to accumulate with a price target of Rs 145, in its report dated May 26, 2009. “IRB Q4FY09 results were below our estimates primarily on …

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Buy TRF, target of Rs 692: Emkay Global

Posted on: May 26th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on TRF with a price target of Rs 692 in its report dated May 25, 2009. “TRF gave positive surprise in Q4FY09 with better-than expected operational performance. Its revenues grew by 41% yoy to Rs 2.4 billion led by sustai…

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Emkay positive on ACC, Ambuja, Ultratech & India Cement

Posted on: May 15th 2009 in Brokerage Recommendations.

Emkay Global Financial Services maintains its positive view on ACC, Ambuja, Ultratech and India Cement. With monsoon just around the corner and new cement capacities expected to bunch up in H2FY2010, investors have been rather vary of trend in cement price this monsoon. Cement dispatches …

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Hold Bank of India, target of Rs 260: Emkay

Posted on: May 9th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has reduced its rating on Bank of India to hold with a target price of Rs 260 in its May 08, 2009 research report. “Bank of India (BOI) reported a net profit of Rs 8.1 billion for Q4FY09 was in line with our expectations. However, the operating perfo…

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Hold Container Corporation, target of Rs 800: Emkay

Posted on: April 20th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has recommended a hold rating on Container Corporation of India with a target price at Rs 800 in its April 20, 2009 research report. “Concor reported Q4FY09 results which were in-line with our estimates. …

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Reduce Maruti Suzuki, target of Rs 635: Emkay

Posted on: April 8th 2009 in Press Releases.

Emkay Global Financial Services has maintained its reduce rating on Maruti Suzuki India with a target price of Rs 635 in its April 02, 2009 research report. “What we liked is the fact that company has further expanded its reach in the semi urban and rural areas, where the competitiv…

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Buy Cadila Healthcare, target of Rs 339: Emkay Global

Posted on: March 31st 2009 in Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on Cadila Healthcare with a target price of Rs 339 in its March 31, 2009 research report. “Cadila Healthcare entered into an agreement with the US-based pharma major Eli Lilly for the discovery and development of drugs in…

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