KRChoksey | Nseguide.com

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Buy Infosys, target of Rs 1824: KRChoksey

Posted on: July 13th 2009 in Brokerage Recommendations.

KRChoksey has maintained its buy rating on Infosys Technologies with a revised price target of Rs 1824 in its report dated June 10, 2009. “Infosys Technologies Q1FY10 net profit at Rs 1,302 crore was 13.2% higher than guidance of Rs 1,349 crore and well above street estimates. This…

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Buy Tata Tea, target of Rs 859: KRChoksey

Posted on: June 23rd 2009 in Brokerage Recommendations.

KRChoksey has maintained its buy rating on Tata Tea, with price target of Rs 859, in its report dated June 19, 2009. “More than 70% revenues and 80% of EBIT come from tea business, which is likely to face margin pressure in FY10 as tea prices are likely to remain firm on account of…

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Buy JMC Projects, target of Rs 212: KRChoksey

Posted on: June 9th 2009 in Brokerage Recommendations.

KRChoksey has recommended a buy rating on JMC Projects, with price target of Rs 212, in its report dated June 8, 2009. “We believe JMC Projects is a good turnaround story and continues to improve its performance as observed from its FY08 and FY09 performance. We believe company wil…

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Reduce Tata motors; target of Rs 324: KRChoksey

Posted on: June 9th 2009 in Brokerage Recommendations.

KRChoksey has maintained its reduce rating on Tata Motors with a price target of Rs 324 in its report dated June 08, 2009. “Tata Motors Ltd (TML) reported net sales of Rs 6705.3 crore decline 23% y-o-y & grew by 41% q-o-q. This was mainly on account of 51% decline in volumes o…

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Buy Punjab National Bank, target of Rs 750: KRChoksey

Posted on: June 8th 2009 in Stock Views.

KRChoksey has maintained its buy rating on Punjab National Bank, PNB with price target of Rs 750, in its report. “PNB reported strong Net Profit of Rs 865.6 crores, up 59.2% y-o-y but down 13.4% q-o-q on back of better operational performance and strong growth in non interest incom…

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Hold Bajaj Auto; target of Rs 985: KRChoksey

Posted on: May 24th 2009 in Brokerage Recommendations.

KRChoksey has maintained its hold rating on Bajaj Auto with a price target of Rs 985, in its reports dated May 21, 2009. “Bajaj Auto Ltd (BAL) reported net sales of Rs 1,883 crore which is below our estimates of Rs 1978 crore mainly on account of 22% decline in the volumes of two w…

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Hold Asian Paints, target of Rs 1027: KRChoksey

Posted on: May 15th 2009 in Brokerage Recommendations.

KRChoksey has maintained its hold rating on Asian Paints with a price target of Rs 1027 in its May 13, 2009 research report. “Asian Paints (APL) reported net sales of Rs 1,424.9 crore, up 26% y-o-y and 8% q-o-q. Revenues were mainly driven by strong rebound in the domestic decorati…

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Buy Aban Offshore, target of Rs 492: KRChoksey

Posted on: May 4th 2009 in Brokerage Recommendations.

KRChoksey has recommended a buy rating on Aban Offshore with a price target of Rs 492 in April 21, 2009 research report. …

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Buy Ranbaxy Laboratories, target of Rs 183: KRChoksey

Posted on: April 1st 2009 in Brokerage Recommendations.

KRChoksey has maintained its buy rating on Ranbaxy Laboratories with a price target of Rs 183 in its April 1, 2009 research report. “Ranbaxy to launch Daiichi Sankyo’s innovative antihypertensive drug, “Olvance” in India. We have revised our earnings estimate keeping in view t…

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