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9/3/10

Hold Steel Strips Wheels; target of Rs 300: Nirmal Bang - Moneycontrol.com -

Hold Steel Strips Wheels; target of Rs 300: Nirmal Bang - Moneycontrol.com -: "Nirmal Bang has recommended hold rating on Steel Strips Wheels with a target of Rs 300 in its research report.

“Steel Strips Wheels has sales and profitability to witness a robust growth over next couple of years. At the CMP of Rs 258 per share, SSWL is currently trading at a PE of 10.29x FY11E and looks fairly attractive. Based on the EPS estimate of Rs 25.06 and our target multiple of 12.0x we arrive at a target of Rs 300 for the stock. We initiated coverage on SSWL on 31 May 2010 at Rs 133 with a BUY rating and a target price of Rs 250, indicating a potential upside of 88%. This target has been achieved today. We continue to remain positive on the stock and recommend to HOLD the stock for a target of Rs 300,” says Nirmal Bang research report."

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Buy Vardhman Textiles; target of Rs 375: IIFL - Moneycontrol.com -

Buy Vardhman Textiles; target of Rs 375: IIFL - Moneycontrol.com -: "IIFL is bullish on Vardhman Textiles and has recommended buy rating on the stock with a target of Rs 375 in its September 3, 2010 research report.

“Vardhman Textiles (VTL), India’s largest yarn manufacturer, is one of the best-placed to benefit from the rise in yarn realisations (up ~60% in 15 months), thanks to a benign cost environment (cotton prices in India are up only 20% in 15 months, thanks to a bumper crop). Continued expansion in EBITDA margins on yarn (>200bps YoY), coupled with the company’s planned capacity expansion by 20%+ over the next two years, should support a re-rating of the stock to 8x 1-year forward PE (near its historical average multiple). Accordingly, we set a 1-year-forward target price of Rs 374 and initiate coverage with a BUY,” says IIFL research report."

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Buy Piramal Healthcare: Parag Parikh Financial Services - Moneycontrol.com -

Buy Piramal Healthcare: Parag Parikh Financial Services - Moneycontrol.com -: "Parag Parikh Financial Advisory Services is bullish on Piramal Healthcare and has recommended buy rating on the stock in its September 3, 2010 research report.

“Piramal Healthcare is a 22 year old pharma company, which is one of the earliest players of the Indian Pharma Sector. Through strategic acquisitions in the early years, Piramal Healthcare has built up an enviable position in the Indian Pharma Sector. Their formulations business was purchased by Abbott at 10 times Sales (USD 3.72 billion) whereas their diagnostics business was purchased by SRL at 3 times Sales (Rs 600 crore). The management of Piramal Healthcare has proven its competence over the past couple of decades by making the company into one of the top 3 Pharma businesses in India,” says Parag Parikh Financial Advisory Services research report."

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VIDEO - See inflation at 7% by March 2011: Shankar Acharya

Expressing shock over the matter, Shankarcharya of ICRIER said the error exposes inefficiency in the system. He believes there were clear signs of deflation in the industry.

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From: http://www.youtube.com/watch?v=oTqEw8OK3Sk

VIDEO - New ULIP norms: Insurers expect sharp drop in sales

From September 1, the country's insurance agents won't be allowed to sell even half the number of unit linked insurance policies that they were selling earlier. The reason, insurance companies can sell only those policies, which follow the new norms laid out by the insurance regulator IRDA.

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From: http://www.youtube.com/watch?v=_6-dQ0MuGNA

Buy Nilkamal; target of Rs 412: Sushil Finance - Moneycontrol.com -

Sushil Finance is bullish on Nilkamal and has recommended buy rating on the stock with an increased target price of Rs 412, in its SEPTEMBER 3RD, 2010 research report.

“Nilkamal with a strong market presence and brand value continues to dominate the industry in its plastic business. Going forward, the industry is expected to grow at 12% to 15% and companies like Nilkamal, with its strong brand & national presence, are expected to grow at a much faster pace. On the margins front, the company enjoys EBIDTA margins of around 14%, but after absorbing the loss of at home, margins are a bit lower at around 12%. We expect new product launches, rise in volume growth in the moulded furniture segment and capacity expansion to drive growth going ahead.”

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From: http://www.moneycontrol.com/news/recommendations/buy-nilkamal-targetrs-412-sushil-finance_482498.html

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