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9/23/10

Ranbaxy Labs a market performer: Karvy

Karvy Stock Broking has recommended market performer rating on Ranbaxy Laboratories with a target of Rs 600, in its September 22, 2010 research report.

“Ranbaxy Labs will have sole exclusive rights in US for selling Aircept's generic version which is used in the treatment for Alzheimer's. We confirmed the same with the management. Ranbaxy has reiterated its stand on the ability to monetize all its FTF (first to file) opportunities. “

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From: http://www.moneycontrol.com/news/recommendations/ranbaxy-labsmarket-performer-karvy_486402.html

Buy Dena Bank; target of Rs 133: Firstcall Research

Firstcall Research is bullish on Dena Bank and has recommended buy rating on the stock with a target of Rs 133 in its September 17, 2010 research report.

“Dena Bank’s earning per share (EPS) of the bank for the earnings of FY11E and FY12E is seen at Rs 23.80 and Rs 26.32 respectively for equity share of Rs 10 each. Price to book value of the stock is expected to be at 1.10x and 0.88x respectively for FY11E and FY12E. CASA deposits grew by 27% to Rs 19026 crore. Advances increased by 34% to Rs 37884 crore. Tier-I capital has increased to Rs 2456.8 crore as on 30th June 2010, growth of 21%. Tier II capital has decreased by 4% to Rs 1317.66 crore. The management is expecting to bring down its Gross NPA to Rs 750 crore by end of September 2010 and targeting a Gross NPA level of Rs 700 crore by March 2011.”

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From: http://www.moneycontrol.com/news/recommendations/buy-dena-bank-targetrs-133-firstcall-research_486137.html

Buy Blue Star; target of Rs 589: Angel Broking - Moneycontrol.com -

Angel Broking is bullish on Blue Star and has recommended buy rating on the stock with a target of Rs 589 in its September 17, 2010 research report.

“Blue Star Limited has won orders worth Rs 130 crore for air-conditioning and plumbing at the Chhatrapati Shivaji International Airport (CSIA), Mumbai. This is a positive development for the company, which is poised for strong growth over the next few years. At the end of 1QFY2011, the order book for the company’s EMPPACS segment stood at nearly 1.1x FY2010 sales. We expect strong sales growth, at a 22.3% CAGR, over FY2010–12E, on the back of improved demand from the retail and commercial segments. Blue Star is currently trading at 16.2x FY2012E earnings. We recommend Buy on the stock with a target price of Rs 589,” says Angel Broking research report.

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From: http://www.moneycontrol.com/news/recommendations/buy-blue-star-targetrs-589-angel-broking_486143.html

Buy Monnet Ispat; target of Rs 595: Firstcall Research

Firstcall Research is bullish on Monnet Ispat and has recommended buy rating on the stock with a target of Rs 595 in its September 17, 2010 research report.

“Monnet Ispat’s earning per share (EPS) of the company for the earnings for FY11E and FY12E is seen at Rs 55.36 and Rs 61.28 respectively. Operating profit and PAT of the company are expected to grow at a CAGR of 11% and 14% over 2009 to 2012E respectively. On the basis of EV/EBITDA, the stock trades at 5.37 x for FY11E and 4.89 x for FY12E. Price to book value of the stock is expected to be at 1.46 x and 1.25 x respectively for FY11E and FY12E. We expect that the company will keep its growth story in the coming quarters also. At the current market price of Rs 517, the stock is trading at 9.34 x FY11E and 8.44 x FY12E respectively. We recommend ‘BUY’ in this particular scrip with a target price of Rs 595 for medium to long term investment,” says Firstcall Research report.

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From: http://www.moneycontrol.com/news/recommendations/buy-monnet-ispat-targetrs-595-firstcall-research_486147.html

Buy Solar Industries India; target of Rs 52: KRChoksey

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

“Solar Industries has traded in forward PE band of 5.40x- 21.45x. There is visible and secular growth potential for the company for next 5-7 years period. Our 9x Forward PE multiple assigned to Solar falls on conservative side. Solar is the most attractively priced among peers (both domestic as well as global) compared to returns it has offered to its shareholders."

Buy Solar Industries India; target of Rs 52: KRChoksey
ALSO READ

* See previous views by KRChoksey
* See what other Experts & Brokerages are saying about Solar Ind
* See messages about Solar Ind

"Gross sales are growing at 23% CAGR from FY10-FY13E due to 33.2% growth in explosives business. Operation of explosive plant in Africa is leading to high growth in explosives sales. This is also shifting revenue mix in favour of explosives (from 59.9% in FY10 to 76.3% in FY13E. Realisation from African market is almost 2.5x Indian market. We recommend STRONG BUY on Solar Industries with 1 year price target of Rs 631.65, which gives potential upside of 39% from CMP of Rs 455,” says KRChoksey research report.

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From: http://www.moneycontrol.com/news/recommendations/buy-solar-industries-india-targetrs-52-krchoksey_482651.html

Buy Solar Industries India; target of Rs 52: KRChoksey

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

“Solar Industries has traded in forward PE band of 5.40x- 21.45x. There is visible and secular growth potential for the company for next 5-7 years period. Our 9x Forward PE multiple assigned to Solar falls on conservative side. Solar is the most attractively priced among peers (both domestic as well as global) compared to returns it has offered to its shareholders."

Buy Solar Industries India; target of Rs 52: KRChoksey
ALSO READ

* See previous views by KRChoksey
* See what other Experts & Brokerages are saying about Solar Ind
* See messages about Solar Ind

"Gross sales are growing at 23% CAGR from FY10-FY13E due to 33.2% growth in explosives business. Operation of explosive plant in Africa is leading to high growth in explosives sales. This is also shifting revenue mix in favour of explosives (from 59.9% in FY10 to 76.3% in FY13E. Realisation from African market is almost 2.5x Indian market. We recommend STRONG BUY on Solar Industries with 1 year price target of Rs 631.65, which gives potential upside of 39% from CMP of Rs 455,” says KRChoksey research report.

For more stock tips and ideas visit STOCKINDIA.SLINKSET.COM NOW.

From: http://www.moneycontrol.com/news/recommendations/buy-solar-industries-india-targetrs-52-krchoksey_482651.html

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