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Book profit in Aban Offshore: Sharekhan

Posted on: June 13th 2009 in Brokerage Recommendations.

Sharekhan has advised investors to book profit in Aban Offshore in its June 11, 2009 research report. “ERHC Energy Inc (ERHC) has informed that the contract for Aban Abraham, the deepwater oil rig of Aban Offshore, with Addax has been cancelled. The rig was contracted for a period …

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Buy Tata Tea, target of Rs 853: Sharekhan

Posted on: June 13th 2009 in Brokerage Recommendations.

Sharekhan has recommended a buy rating on Tata Tea with a target price of Rs 853 in its June 10, 2009 research report. “Tata Tea’s Q4FY2009 numbers (derived from FY2009 and M9FY2009 numbers) are below our expectations. The top line grew by 9.4% year on year (yoy) to Rs 1,226.1 c…

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Hold Aditya Birla; target of Rs 968: Sharekhan

Posted on: June 10th 2009 in Brokerage Recommendations.

Sharekhan has downgraded its rating on Aditya Birla Nuvo to hold with a price target of Rs 968 in its report dated June 9, 2009. “Aditya Birla Nuvo Ltd’s (ABN) board of directors has decided to issue 1.85 crore warrants worth Rs …

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Buy Orchid Chemicals, target of Rs 163: Sharekhan

Posted on: June 8th 2009 in Brokerage Recommendations.

Sharekhan has maintained its buy rating on Orchid Chemicals & Pharmaceuticals, with price target of Rs 163, in its report dated June 5, 2009. “At the current market price of Rs 136, Orchid is discounting its FY2009E earnings by 10.7x and its FY2010E earnings by 8.3x. Though th…

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Buy Sun Pharma, target of Rs 1295: Sharekhan

Posted on: June 2nd 2009 in Brokerage Recommendations.

Sharekhan has recommended a buy rating on Sun Pharma, with price target of Rs 1295, in its report dated June 01, 2009. “Sun Pharmaceutical Industries (Sun Pharma)’ Q4FY2009 performance was above our expectations. The revenues for the quarter declined by 9.8% to Rs 1,134.4 crore d…

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Buy 3i Infotech, target of Rs 59: Sharekhan

Posted on: May 4th 2009 in Brokerage Recommendations.

Sharekhan has maintained its buy rating on 3i Infotech with a price target of Rs 59 in its April 29, 2009 research report. …

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Buy Bharti Airtel, target of Rs 781: Sharekhan

Posted on: May 4th 2009 in Brokerage Recommendations.

Sharekhan has maintained its buy rating on Bharti Airtel with a price target of Rs 781 in its April 29, 2009 research report. …

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Hold UltraTech Cement: Sharekhan

Posted on: April 22nd 2009 in Brokerage Recommendations.

Sharekhan has maintained its hold rating on UltraTech Cement in its April 21, 2009 research report. “UltraTech Cement (UltraTech) reported a revenue growth of 16.2% year on year (yoy) to Rs 1,860.1 crore during Q4FY2009. …

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Hold HDFC, target of Rs 1818: Sharekhan

Posted on: April 20th 2009 in Brokerage Recommendations.

Sharekhan has revised its rating on Housing Development Finance Corporation from buy to hold with a revised price target of Rs 1818 in its April 17, 2009 research report. …

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Buy Piramal Healthcare, target of Rs 358: Sharekhan

Posted on: April 7th 2009 in Brokerage Recommendations.

Sharekhan has maintained its buy rating on Piramal Healthcare with a price target of Rs 358 in its April 02, 2009 research report. “In an effort to reduce costs and restructure its assets in a more efficient manner,.. …

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