Iifl | Nseguide.com

Quotes with Resistance & Support

Market Information

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…

Read More..

ADD Jindal Steel, target of Rs 2884: IIFL

Posted on: June 27th 2009 in Press Releases.

IIFL has recommended an add rating on Jindal Steel & Power with a 12-month target of Rs 2884 in its June 24, 2009 report. “Jindal Steel and Power (JSPL) is expanding its power generation capacity from 1,333MW to 5,000MW by FY13ii. We believe that given the sustained peak power…

Read More..

Sell Tata Motors; target of Rs 200: IIFL

Posted on: June 2nd 2009 in Brokerage Recommendations.

IIFL has downgraded its rating on Tata Motors to sell with a price target of Rs 200 in its report dated June 1, 2009. “Tata Motors’s 4QFY09 PBT, adjusted for the exceptional items stood at a loss of Rs 1,099 million. Reported profits however were higher at Rs 5.87 billion largely…

Read More..

Sell SAIL, target of Rs 117: IIFL

Posted on: June 1st 2009 in Brokerage Recommendations.

IIFL has downgraded its rating on Steel Authority of India (SAIL) to sell with a 12-month target price of Rs 117 in its report dated May 29, 2009. “SAIL’s 4QFY09 profit, at Rs 14.9 billion, came in substantially higher than our estimate (Rs 9.1 billion) and consensus (Rs 7.4 billion)…

Read More..

Add Larsen and Toubro: IIFL

Posted on: June 1st 2009 in Brokerage Recommendations.

IIFL has maintained its add rating on Larsen and Toubro in its May 29, 2009 report. “L&T’s adjusted profit increased 30% YoY to Rs 11.4 billion in 4QFY09, ahead of our and consensus estimates, driven by a positive surprise in margins. Margins were helped by 90bps saving in e…

Read More..

Sell NTPC, target of Rs 175: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has recommended a sell rating on NTPC with a target price of Rs 175 in its May 26, 2009 research report. “NTPC’s audited FY09 PAT was 5% above the provisional numbers, primarily on account of tax write-backs of Rs 3.8 billion pertaining to other income. Adjusting for thes…

Read More..

Buy Bharti Airtel, target of Rs 866: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has maintained its buy rating on Bharti Airtel with a target price of Rs 866 in its May 26,2009 research report. “Bharti and MTN yesterday announced a revised arrangement for a potential transaction that would result in Bh…

Read More..

Buy ITC, target of Rs 222: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has reiterated its buy rating on ITC with a target price of Rs 222 in its May 25, 2009 research report. “ITC’s 4QFY09 net profit growth was in line with our expectation at 10% YoY, as lower other income (down 46% YoY) and a mar…

Read More..

NTPC can touch Rs 220-224: A Jain

Posted on: May 28th 2009 in Stock Views.

Anu Jain, Vice President of IIFL Private Wealth Management is of the view that NTPC can touch Rs 220-224. “NTPC looks like positively biased. Today we saw some good amount of buying happening with a good amount of positive traction. So one could see some positive buildup on that moving…

Read More..

Buy Bajaj Auto, target of Rs 1030: IIFL

Posted on: May 25th 2009 in Brokerage Recommendations.

IIFL has maintained its buy rating on Bajaj Auto with a target price of Rs 1030 in its May 22, 2009 research report. “Bajaj Auto’s operational 4QFY09 results were much better than the street’s expectations. EBITDA margin adjusted for one-off items expanded 150bps QoQ, driven by…

Read More..