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Nitin Fire Protection an outperformer: Karvy

Posted on: June 9th 2009 in Brokerage Recommendations.

Karvy Stock Broking has rated Nitin Fire Protection Industries as an outperformer with a price target of Rs 373 in its June 8, 2009 research report. “Nitin Fire Protection Industries (NFPIL) operates in two broad business segments: 1) fire protection, safety and security and 2) hig…

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Reduce Madras Cements, target of Rs 90: Angel Broking

Posted on: June 1st 2009 in Brokerage Recommendations.

Angel Broking has maintained its reduce rating on Madras Cements with a target price of Rs 90 in its May 29, 2009 research report. “We expect the domestic cement industry to witness substantial bunching up of capacities over the next couple of years. As per the company’s announce…

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Buy Dishman Pharma, target of Rs 230: Hem Securities

Posted on: May 30th 2009 in Brokerage Recommendations.

Hem Securities has recommended a buy rating on Dishman Pharmaceuticals & Chemicals with price target of Rs 230 in its May 28, 2009 research report. “The company is a leader in CRAM business amongst the largest Indian pharmaceutical companies. Moreover, in global crisis and wea…

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Hold Deepak Fertilizers, target of Rs 103: Emkay Global

Posted on: May 28th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has changed its recommendation from buy to hold on Deepak Fertilizers and Petrochemicals Coprn with target of Rs 103 in its May 26, 2009 research report. “Company’s Q4FY09 results were better t…

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Sell UltraTech Cement, target of Rs 526: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has downgraded its rating on UltraTech Cement from add to sell with a target price of Rs 526 in its May 25, 2009 research report. “We expect sharp erosion in cement realisation from 3QFY10 in the southern and western re…

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Buy ITC, target of Rs 222: IIFL

Posted on: May 28th 2009 in Brokerage Recommendations.

IIFL has reiterated its buy rating on ITC with a target price of Rs 222 in its May 25, 2009 research report. “ITC’s 4QFY09 net profit growth was in line with our expectation at 10% YoY, as lower other income (down 46% YoY) and a mar…

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Bharti Airtel a better buy in telecom space: A Jain

Posted on: May 28th 2009 in Stock Views.

Management is of the view that Bharti Airtel will get strong only after crossing the Rs 820-825 levels. At these prices looks far better than to buy any other stock in the telecom sector. “Bharti from the last couple of days the wa…

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