Great Eastern Shipping
cmp: Rs 387.05
target price: Rs 460
Enam Securities has initiated coverage on Great Eastern Shipping with an ‘outperformer’ rating as it feels that the company’s net asset value (NAV) ‘could provide an upside surprise going ahead’ as ‘tanker asset prices are expected to improve in FY09’. Due […]
Mundra Port and SEZ
CMP: Rs642.20
Target Price: Rs 571
Batlivala & Karani has initiated coverage on Mundra Port and SEZ with an ‘underperformer’ rating due to its location and draft advantage, apart from factors like surging port traffic and the company’s industrial SEZ. “The […]
GMR Infrastructure
CMP: Rs 144.55
Target Price: Rs 187
Citi has initiated coverage on GMR Infrastructure with a ‘buy’ rating as the company gets ready to bid for road, hydropower and power transmission projects. The brokerage feels that GMR Infrastructure is ‘looking to emerge as an infrastructure developer across geographies’. According to Citi’s estimates, airports and related real […]
Emkay Research has maintained buy rating on Yes Bank with a price target of Rs 260 in its April 10, 2008 research report. “The Bank reported strong set of numbers for 4QFY08, partially allaying the concerns on its exposure to Forex derivatives. The bank has reported Rs 645 mn of net profit for Q4 FY08, […]
Hem Securities has recommended a buy rating on Cummins India with the target price of Rs 412 which is approximately 31% up from the current market price of Rs 314 in its April 2, 2008 research report. “The company with strong order book and capital expenditure plans of Rs 814 crore is expected to witness […]
PINC Research has recommended a buy rating on Phoenix Lamps with a target of Rs 250 in its March 27, 2008 research report. “We expect net sales to grow at 30% CAGR over FY07-10. Primarily led by CFLs coupled with incremental revenues from luminaires, this should result in revenues of Rs 6.6 billion for FY10. […]
HEM Securities has maintianed buy rating on Century Textile with target price of Rs 1019 in its 28, March 2008 research report. “The company with its diversified business is aggressively looking for major capacity expansion in its paper divi-sion as well as in retail segment division. Also, the company is planning to penetrate into hospitality […]
Emkay Research has maintained a buy rating on Sterlite Technologies with a target price of Rs 245 in its April 1, 2008 research report. “We expect the revenues to grow by CAGR 24% to Rs 25 billion and PAT to grow by CAGR 30% to Rs 1580 million over FY08-10E resulting in an EPS of […]
Emkay Research has recommendaed a buy rating on Vakrangee Softwares with a target price of Rs 304 in its March 31,2008 research report.” We expect the topline and bottomline of the company to grow at a CAGR of 76.7% and 68.6% respectively and the EPS to grow at 62.5% during FY07A-10E. At the current market […]
Angel Broking has maintained a buy rating on Yes Bank with a revised target price of Rs 238 in its March 28, 2008 research report. “We expect 66% CAGR in Deposits and Advances and 53% CAGR in EPS over FY2007-10E. We have factored in 15% reduction in EPS estimates for FY2009E and FY2010E taking a […]
