Buy Tecpro Systems; target of Rs 355: Nirmal Bang - Moneycontrol.com -

Nirmal Bang is bullish on Tecpro Systems and has recommended buy rating on the stock with a target of Rs 355 in its July 1, 2011 research report.

“Tecpro Systems, incorporated in 1990, undertakes turnkey projects in material handling, ash handling, balance of plant (BoP) & engineering, procurement & construction (EPC) contracts. Tecpro started focus on turnkey BoP contracts by leveraging its expertise from coal handling and ash handling business. and bagged its first BOP order from state of chattishgarh in FY10. Currently it is executing three BOP contracts worth of Rs. 2100 crs. Company has entered into the technical collaboration & license agreement with several international companies, which strengthens its technical credentials and also enables it to service the clients with advance technology.”

“According to CRISIL, Investment worth of Rs. 9.5 trillion is expected in core sector like Steel, power, port etc. during 2011-2014. MHE ( Material Handling Equipment ) segment will account for Rs. 468 billion, with majority of investment coming from power sector. Current Order book of company is around Rs 4371 crores, which is 2.2xFY11 revenues.

From: http://www.google.com/url?sa=X&q=http://web.moneycontrol.com/news/recommendations/buy-tecpro-systems-targetrs-355-nirmal-bang_562009.html&ct=ga&cad=CAcQARgAIAEoATAAOABAla_L8ARIAlgAYgVlbi1VUw&cd=UCIK5TnghL0&usg=AFQjCNFWxdTQPBT9B909n36ObThCH2rbog

Buy Yes Bank; target of Rs 368: LKP

LKP is bullish on Yes Bank and has recommended buy rating on the stock with a target of Rs 368 in its July 5, 2011 research report. “We recently met the management of Yes Bank. The purpose was to review the business prospects and the version 2 plan in ...

From: http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/recommendations/buyyesbanktargetofrs368lkp_562782.html&ct=ga&cad=CAcQARgAIAAoATAAOABAjNnL8ARIAlAAWABiBWVuLVVT&cd=vfxRCPCMWFo&usg=AFQjCNGpPzTSv5qGTnSOw0Qity1YMn_WEw

Buy BHEL from long term perspective Irani

Buy BHEL post FPO from long term perspective, says Mehraboon Irani, Principal and Head- Pvt Client Group Business, Nirmal Bang Securities. Irani told CNBC-TV18, “BHEL could definitely correct, but allow me to state, I feel this present level to which ...

From: http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/stocks-views/buy-bhellong-term-perspective-irani_562885.html&ct=ga&cad=CAcQARgAIAAoATAAOABAn77M8ARIAlAAWABiBWVuLVVT&cd=cQEX8NC8-l0&usg=AFQjCNFDZAcGPjZThy8pbq35WegBbYg30Q

LONG TERM TTRADING TIPS - Buy Bharti Airtel from long term perspective: Irani

Buy Bharti Airtel from long term perspective, says Mehraboon Irani, Principal and Head- Pvt Client Group Business, Nirmal Bang Securities.

Irani told CNBC TV18, “I have been negative on the telecom space for more than two years. And I have gone to the extent to say that Indian telecom story according to me is over. But if you as me, at the present valuations some of the names like Bharti Airtel would be a great stock to buy from a very long-term angle.”

He further added, “If I was an institutional investor, I would definitely look at this space and Bharti would be the top pick, but I think not many of us over here right now are ready to look at the markets even from the next 3-4-5 months angle, and I personally, because of that, I remained underweight on this particular sector. So 2G or no 2G scams, the fact is at the present levels not interested in looking at any telecom stock.”

SOURCE: moneycontrol

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MEDIUM-TERM TRADING TIPS - Buy Varun Industries with target of Rs 207: Kapadia - CNBC-TV18 -

Hemen Kapadia of chartpundit.com has recommended buying Varun Industries with a target of Rs 207.

STOCK TIPS 4 U - Buy HDIL; target of Rs 225: PINC Research - Moneycontrol.com -

PINC Research is bullish on Housing Development and Infrastructure (HDIL) and has recommended buy rating on the stock with a target of Rs 225 in its June 6, 2011 research report.

“Housing Development and Infrastructure (HDIL)’s Mumbai International Airport Ltd (MIAL) project got a green signal as the issue with respect to ‘eligibility criteria’ has been sorted and MMRDA has commenced the shifting of eligible slum dwellers from MIAL slums to Kurla Premier Compound. This decision of MMRDA is a positive move for HDIL as (1)it paves way for Phase-II of the project leading to ramp up in phase-I & II of the project.(2) the development work in phases is likely to help increase TDR generation. We expect TDR generation to exceed 1 msf post two quarters; this is higher from company’s earlier guidance of 0.75-0.9 msf per quarter for FY12 given in their Q4FY11 conference call. (3) Tax rate going forward might be lower than earlier as MAT rate is applicable on TDR sale.”

“MMRDA has commenced shifting of all eligible slum dwellers from MIAL slums to Kurla Premier Compound and also have issued allotment letter for flats to eligible slum dwellers. The total slum dwellering families is ~28,000 families. We believe that almost 75% of the construction work has been completed and most of the buildings are in ready to shift stage. This shifting clears the cloud over the work on the MIAL project. The management, in Q4FY11 conference call, had given a guidance of 0.75-0.9 msf per quarter TDR recognition for FY12. Post the current development, we expect that work on other phases of MIAL project to ramp up and see TDR generation exceed 1 msf post two quarters. This is likely to lead to higher cash generation. Higher TDR generation is likely to make tax rate fall marginally as TDR is taxed at MAT. We maintain a ‘BUY’ on the stock with a NAV based target price of Rs 225 post 20% discount to NAV. Gross airport valuation is at Rs 132 per share,” says PINC Research report.

SOURCE: Buy HDIL; target of Rs 225: PINC Research - Moneycontrol.com -

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