Stock Recommendations for Indian Share Markets

[...] Recommendation: Buy (again!) CMP = Rs 249 (at the time of this recommendation) Price target: Rs 808 Key points: The top line of Orbit Corporation grew by 28.8% yoy to Rs 81.8 crore in [...]

[...] Recommendation: Buy (again!! J) CMP = Rs 50 (at the time of this recommendation) Price target: Rs 77 Key points: Marico's net sales increased by 22.5% to Rs 1,906.7 crore in FY2008 from Rs [...]

[...] Recommendation: Buy (again!!) CMP = Rs 256 (at the time of this recommendation) Price target: Rs 300 Key points: Orchid Chemicals has entered into a collaborative drug discovery deal with [...]

[...] Recommendation: Buy CMP = Rs 72 (at the time of this recommendation) Price target: Rs 169 Key points: Q1FY2009 revenues of Mold-Tek grew by 23% yoy to Rs 33.9 crore. While the [...]

Recommendation: Buy CMP = Rs 227 (at the time of this recommendation) Price target: Currently reviewing… Key points: Bank of Baroda (BoB) report [...]

Company background: GVK is a diversified business entity with its primary focus on urban infrastructure projects. The company also has a significant [...]

Recommendation: Buy CMP = Rs 786 (at the time of this recommendation) Price target: Rs 1,110 Key points: The revenues of Ratnamani Metals and Tubes [...]

Recommendation: Buy CMP = Rs 59 (at the time of this recommendation) Price target: Rs 90 Key points: Andhra Bank reported a not-so-healthy PAT of [...]

[...] 's BPO subsidiary, aggregating to $6.7 million. The operating profit margin improved by 134 basis points qoq to 24.1%, despite the negative impact of the rise in the visa cost (80 basis points). This [...]

[...] 6% yoy to Rs 107.3 crore. The gross non-performing assets in percent terms improved by 59 basis points to 1.87%. However, the net non-performing assets in percent terms remained flat at 0.75%. The [...]

[...] losses in the rail business during the quarter. The operating profit margin declined by 1,050 basis points yoy because of a change in the company's sales mix but improved by 230 basis points [...]

[...] on absolute and relative basis. The gross non-performing assets stood at 1.46% (down 61 basis points yoy), while the net non-performing assets were down by 10 basis points to 0.36%. The capital [...]

[...] Recommendation: Buy CMP = Rs 475 Price target: Rs 575 Key points: Ranbaxy Laboratories has delivered a disappointing performance in Q2CY2008, largely due to a [...]

[...] Recommendation: Hold CMP = Rs 396 (at the time of this recommendation) Price target: Rs 545 Key points: Q1FY2009 results of Tata Motors are not satisfactory mainly because of lower-than-expected [...]

[...] : Buy (again! J) CMP = Rs 385 (at the time of this recommendation) Price target: Rs 575 Key points: The revenues of Esab India for the quarter grew by 31% to Rs 114.4 crore led by the [...]

[...] : Buy (again!! J) CMP = Rs 107 (at the time of this recommendation) Price target: Rs 180 Key points: 3i Infotech's top line grew by 33.9% qoq to a whopping Rs 468.5 crore in Q1FY2009. While, the [...]

[...] by almost 28% to Rs 7,204 crore from Rs 5,645 crore in the same period last year. At the current market price of Rs 1,721, the stock trades at 19.8x FY2009E EPS and 3.6x FY2009E book value/share. I [...]

[...] order inflow and rising raw material cost that could adversely affect its earnings. At the current market price, this stock is valued at 12.2x and 10x FY2009E and FY2010E earnings. I continue to [...]

[...] expenses of Orbit because the project is not likely to start in the near term. At the current market price, valuation of this stock stood at 4.3x FY2009 earnings estimate and 3.1x FY2010 earnings [...]

[...] looking to expand its focus portfolio in both organic and inorganic ways. At the current market price of Rs 50, the stock trades at 16.2x and 12.7x its FY2009E and FY2010E EPS of Rs 3.1 and Rs [...]

[...] .3 crore at the end of Q1FY2009 compared with Rs 644.8 crore at the end of Q4FY2008. The operating profit margin of Orbit declined to 40.5% during the quarter due to an increase in both its corporate [...]

[...] with the latest order win, the rising input cost continues to pose a risk to its operating profit margin and to its earnings as a result. The concerns are valid. However, Thermax carries 70-75% [...]

[...] of the animation business in Satyam's BPO subsidiary, aggregating to $6.7 million. The operating profit margin improved by 134 basis points qoq to 24.1%, despite the negative impact of the rise in the [...]

[...] 19.9% to the sequential growth, the organic growth contributed 14.1% to the same. The operating profit margin declined by 299 basis points to 21.8% during the quarter on account of unfavorable sales [...]

[...] its earnings. At the current market price, this stock is valued at 12.2x and 10x FY2009E and FY2010E earnings. I continue to recommend a Buy call on this stock with a price target of Rs 602. [...]

[...] amount not exceeding Rs 64 crore. At the current levels, the stock is trading at 9x FY2010E earnings. I maintain a very strong Buy recommendation on the stock with a price target of Rs 236 over [...]

[...] current market price of Rs 256, Orchid is discounting its FY2009E earnings by 15.7x and its FY2010E earnings by 11.9x. I maintain a very positive and Buy recommendation on this stock with a price [...]

[...] : HDFC reported a bottom line of Rs 468.1 crore in Q1FY2009, indicating a growth of 25.6% on yoy basis and a decline of 23.4% on qoq basis. The PAT was just Rs 529 crore, below earlier estimates. The [...]

[...] The reported net interest income for the quarter stood at Rs 495.5 crore, up by 9.8% on a yoy basis, mainly driven by a around 24% increase in the advances during the quarter. On the margin [...]

[...] recommendation) Price target: Rs 180 Key points: 3i Infotech's top line grew by 33.9% qoq to a whopping Rs 468.5 crore in Q1FY2009. While, the acquisitions contributed 19.9% to the sequential growth, [...]

[...] : Buy CMP = Rs 72 (at the time of this recommendation) Price target: Rs 169 Key points: Q1FY2009 revenues of Mold-Tek grew by 23% yoy to Rs 33.9 crore. While the plastic division’s revenues grew by [...]