Buy Reliance Petroleum @ 225.RS , Target: 300.RS
Buy Reliance Petroleum at present price of 225.RS .Target of 300.RS Could be attained in 3 months.
Price Refining Margins from REL PET could be higher than RIL.
2008-2009 is going to be the First Full Year of Operations.
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Buy ORG INFORMATICS @ 90.RS , Target: 200.RS
ORG INFORMATICS had recently acquired the Satellite Business of Belgacom . This acquisition will enable ORG INFORMATICS to offer DTH Platform to bradcasters in Europe . ORG is targeting Indian Broadcasters who wish to take their channels to Europe to target […]
Sharekhan research is bullish on Maruti Suzuki and has maintained buy rating on the stock with target price of Rs 1230, in their December 24, 2007 report. “The views expressed by the new MD during the particular interview are in line with MSL’s earlier guidance and consequently we have factored the guidance offered by him […]
Sharekhan research has maintained buy rating on Madras Cement with target price of Rs 4800 in its December 24, 2004 report. “MCL’s expansion plans will drive its volume growth going ahead. The company plans to increase its capacity by 4MTPA by the end of FY2009. It is also investing in renewable energy and CPPs which […]
Angel Broking has maintained buy rating on Electrosteel Casting with 12 month target price of Rs 107 in their 14 December 2007. “Electrosteel Castings (ECL) is a complete water infrastructure company providing end-to-end solution in water supply & sewerage application systems. We believe that capacity expansion for DI pipes and backward integration into achieving self-sufficiency […]
Citigroup Reseach is bullish on Cairn India and has recommended buy rating on the stock in its December 20, 2007 report. “We are adjusting our estimates for Cairn India following the increase in our global oil forecasts to USD 80 per bbl (from USD 70 per bbl) for 2008E, USD 75 per bbl (USD 65 […]
HDFC Securities has recommended buy rating on NIIT in its December 26, 2007 report. “We have valued NIIT using the PEG ratio of 0.6x on its FY09E earnings, after discounting our base case EPS for INR related risks, increasing concerns of corporates training their employees internally and the Individual IT training business’s dependence on the […]
Bharti Airtel
CMP:Rs 914.60
Target Price: NA
CLSA has initiated coverage on Bharti with a ‘buy’ rating on the back of expectations that the company would do well as India’s mobile subscriber base is set to grow at 33% CAGR to 383 million by FY10, implying a penetration of 31%.
“Bharti’s subscriber growth is on track to meet our […]
