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Buy BPCL, target of Rs 526: Indiabulls Securities

Posted on: July 8th 2009 in Brokerage Recommendations.

Indiabulls Securities Research has recommended a buy rating on Bharat Petroleum Corporation (BPCL), with price target of Rs 526, in its report dated July 1, 2009. “With crude oil prices hovering at around $ 70 per barrel levels, we expect the under-recoveries for PDS kerosene and d…

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Buy Power Grid: Indiabulls Securities

Posted on: July 8th 2009 in Brokerage Recommendations.

Indiabulls Securities Research has maintained its buy rating on Power Grid Corporation of India in its report dated July 6, 2009. “Power Grid Corporation of India Ltd. (PGCIL) reported FY09 results way above our expectations with a 42.0% yoy growth in net sales. As we continue to b…

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