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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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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…

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Sell Cummins India; target of Rs 195: Emkay Global

Posted on: May 30th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has maintained sell rating on Cummins India with a price target of Rs 195 in its report dated May 27, 2009. “Cummins India reported its Q4FY09 results which included amalgamation of its two subsidiaries, Cummins Auto Services Limited and Cummins Sale…

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Reduce HT Media: Prabhudas Lilladher

Posted on: May 25th 2009 in Brokerage Recommendations.

Prabhudas Lilladher has maintained its reduce rating on HT Media in its May 19, 2009 reports. “Although the worst is over for the company in terms of cost overheads (with newsprint prices back to January 2008 levels), maintaining ad revenue growth will continue to be quiet challeng…

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Reduce Balaji Telefilms, target of Rs 35: Angel Broking

Posted on: May 15th 2009 in Brokerage Recommendations.

Angel Broking has downgraded its rating on Balaji Telefilms from accumulate to reduce with a target price of Rs 35 in its May 13, 2009 research report. “Balaji Telefilms (BTL) posted a decline of 48.8% yoy in top-line (2nd consecutive quarter of decline) to Rs 49.4 crore (Rs 96.5 c…

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