Buy 'godrej inds' :

BUY ABOVE RS.214, TARGET RS.223,
STOP LOSS RS.209,
CLOSED ABOVE PREVIOUS HIGH OFFERS A GOOD OPPORTUNITY.

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SOURCE : DNA

BUY 'EXIDE INDS' :

BUY ABOVE RS.161,
TARGET RS.168,
STOP LOSS RS.157.
CLOSED ABOVE PREVIOUS HIGH OFFERS A GOOD OPPORTUNITY.

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BUY 'DLF' :

BUY ABOVE RS.316,
TARGET RS.329,
STOP LOSS RS.309,
CLOSED ABOVE PREVIOUS HIGH OFFERS A GOOD OPPORTLUNITY.

SOURCE : DNA

BUY "BHARI AIRTEL" :

BUY ABOVE RS.342, TARGET RS.356, STOP LOSS RS.335. CLOSED ABOVE PREVIOUS HIGH OFFERS A GOOD OPPORTUNITY.

SOURCE : DNAINDIA NEWSPAPER

Hold IndusInd Bank; target of Rs 234: Asit C. Mehta

Asit C. Mehta has recommended hold rating on IndusInd Bank with a target of Rs 234, in its September 6, 2010 research report.

“IndusInd Bank (IIB) has been able to turnaround itself by demonstrating a significant improvement in performance across most of the parameters following the change in the top-management. We expect healthy growth in loan portfolio in FY 2010-FY 2012 at a CAGR of ~31% and net profit at a CAGR of 43.8% to Rs 7.1 billion over the same period. We have estimated RoAA of 1.3% and 1.4% and RoAE of 16.5% and 17.4% for FY 2011 and FY 2012 respectively, driven by loan growth, increasing yields and improving core fee income.”

“At CMP of Rs 233 the stock trades at 2.6x FY 2012E ABVPS and 14.9x FY 2012E EPS. IIB has shown a significant turnaround under the leadership of new management. It is in a growth stage and we expect the banks’ profitability and balance sheet size to grow ahead of the industry. We thus assign a multiple of 15x to FY 12 EPS of Rs 15.6 to arrive at a price target of Rs 234 and initiate coverage with a “HOLD” rating on the stock,” says Asit C. Mehta research report.

SOURCE: MONEYCONTROL.COM

Buy Talwalkars Better value Fitness; target of Rs 241: IIFL

IIFL is bullish on Talwalkars Better value Fitness and has recommended buy rating on the stock with a target of Rs 241 in its September 2, 2010 research report.

“Talwalkars Better Value Fitness (TBVF) is amongst the largest fitness chains in the country operating 66 health clubs (including JVs/franchisees), serving over 55,000 members. Incorporated in April ’03, the company offers diverse suite of services including gyms, spas, aerobics and health counseling. Although TBVF operates in a fragmented and competitive market, it has ample room for growth on account of 1) under-penetrated membership rates 2) favourable structural factors and 3) pan-India presence. It plans to add 38 owned gyms in FY11 partly funded by IPO proceeds. Based on cumulative additions of 68 gyms in FY11-12 and estimated annual accrual of Rs 20 million per gym, we project a 4-fold jump in PAT over the next two years. Recommend BUY,” says IIFL research report.