Angel Broking has upgraded its rating on NIIT from neutral to accumulate with a target price of Rs 55 in its May 29, 2009 research report. “Going ahead, we expect NIIT to clock CAGRs of 11.4% and 14% in Top-line and Bottom-line, respectively over FY2009-11E. The current turmoil in …
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Accumulate NIIT, target of Rs 55: Angel Broking
Posted on: June 1st 2009 in Brokerage Recommendations.
Sell SAIL, target of Rs 117: IIFL
Posted on: June 1st 2009 in Brokerage Recommendations.
IIFL has downgraded its rating on Steel Authority of India (SAIL) to sell with a 12-month target price of Rs 117 in its report dated May 29, 2009. “SAIL’s 4QFY09 profit, at Rs 14.9 billion, came in substantially higher than our estimate (Rs 9.1 billion) and consensus (Rs 7.4 billion)…
Add Larsen and Toubro: IIFL
Posted on: June 1st 2009 in Brokerage Recommendations.
IIFL has maintained its add rating on Larsen and Toubro in its May 29, 2009 report. “L&T’s adjusted profit increased 30% YoY to Rs 11.4 billion in 4QFY09, ahead of our and consensus estimates, driven by a positive surprise in margins. Margins were helped by 90bps saving in e…
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