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SpiceJet an underperformer: Karvy

Posted on: June 16th 2009 in Brokerage Recommendations.

Karvy Stock Broking has changed its rating on SpiceJet from outperformer to underperformer with a price target of Rs 16 in its report dated June 16, 2009 “During 4QFY09, SpiceJet is expected to report revenues of Rs 3,363 million as against revenues of Rs 3,993 million reported during …

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Dr Reddys Labs an outperformer, target of Rs 925: Karvy

Posted on: June 11th 2009 in Brokerage Recommendations.

Karvy Stock Broking has recommended an outperformer rating on Dr Reddy’s Labs with a price target of Rs 925 in its report dated June 11, 2009. “Dr Reddys Lab has received the USFDA approval for Omeprazole OTC. Shipment of this product will commence in Q2 FY2010. This is a USD…

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Tata Chemicals a market performer: Karvy

Posted on: May 15th 2009 in Brokerage Recommendations.

Karvy Stock Broking has downgraded its rating on Tata Chemicals from outperformer to marketperformer with a target price of Rs 194 in its May 15, 2009 research report. “We expect net sales of Tata Chemicals (consolidated) for Q4FY09 to decrease by 25% (QoQ) and increase by 80% (Yo…

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Canara Bank an underperformer: Karvy

Posted on: April 20th 2009 in Brokerage Recommendations.

Karvy Stock Broking has rated Canara Bank as an underperformer with a price target of Rs 165 in its April 20, 2009 research report. …

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Ranbaxy Laboratories an outperformer: Karvy

Posted on: April 20th 2009 in Brokerage Recommendations.

Karvy Stock Broking has upgraded its rating on Ranbaxy Laboratories to outperformer with a price target of Rs 215 in its April 20, 2009 research report. …

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Buy Lupin, target of Rs 900: Karvy

Posted on: April 19th 2009 in Brokerage Recommendations.

Karvy Stock Broking has recommended a buy rating on Lupin with a price target of Rs 900 in its April 17, 2009 research report. “Lupin’s net revenues for the quarter are expected to be up by 20% to Rs 9 billion for the quarter. …

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Buy Andhra Bank, target of Rs 74: Karvy

Posted on: April 7th 2009 in Brokerage Recommendations.

Karvy Stock Broking has maintained its buy rating on Andhra Bank with a price target of Rs 74 in its april 6, 2009 research report. “We revise Andhra Bank’s FY10 estimates mainly to factor in higher NPAs and restructured loans and much higher credit costs. …

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Hero Honda Motors an outperformer: Karvy

Posted on: March 27th 2009 in Brokerage Recommendations.

Karvy Stock Broking has recommended an outperformer rating on Hero Honda Motors with a price target of Rs 1250 in its March 27, 2009 research report. “Hero Honda Motors Limited (HHML) is the market leader in the Indian two wheeler space having presence in all the significant sub seg…

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