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Accumulate ABG Shipyard for target of Rs 230: Prabhudas Lilladher

Posted on: June 23rd 2009 in Brokerage Recommendations.

MUMBAI: Prabhudas Lilladher has maintained Accumulate rating on ABG Shipyard after the company announced its quarterly results. The brokerage expects the stock to touch a target price of Rs 230 per share. ABG Shipyard’s topline for the quarter stood at Rs 3,368.6 million indicating a …

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Buy Madhucon Projects, target of Rs 246: Angel Broking

Posted on: June 17th 2009 in Brokerage Recommendations.

Angel Broking has recommended a buy rating on Madhucon Projects, with price target of Rs 246, in its report dated June 15, 2009. “Madhucon Projects stock has outperformed the BSE Sensex significantly (by 25.2%) in CY2009 YTD, which is in line with our expectation as the stock had s…

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Accumulate Wipro on dips; target Rs 500: Bonanza

Posted on: June 17th 2009 in Brokerage Recommendations.

Bonanza has recommended to accumulate Wipro on dips near Rs 395 with a medium term target of Rs 500 in its report dated June 16, 2009. “Wipro is the second largest IT service vendor in the Indian Market behind IBM. We expect the company to leverage its strong presence in India and …

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