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Abhijit Chakraborty, Vice President – Institutional Equities of Edelweiss Capital is of the view that BHEL is going to do well in future in terms of revenue and PAT growth.

Bharat Forge has announced its first quarter numbers. Its Q1 consolidated net profit declined to Rs 40.9 crore from Rs 80.4 crore.

KEC International has declared its results for the quarter ended June 2008 (Q1). The company’s net profit was at Rs 25.5 crore versus Rs 25.3 crore.

India Infoline has recommended a buy rating on ITC with a one-year target price of Rs 214 in its July 31, 2008 research report. “Net profit for the quarter declined by 4.4% yoy to Rs 7.5 billion (below our expectations) due to lower treasury income and sharp rise in operating costs. Increased losses from the FMCG-others segment also put pressure on bottomline. We expect the company to witness a 13.6% CAGR in net profit over FY08-10E.”

Religare Research has maintained ‘buy’ on GE Shipping for a target price of Rs 580, which represents 39 per cent appreciation from current levels.

Anil Ambani group-firm Reliance Power will be included in NSE’s 50-share benchmark index Nifty with effect from September 10.

Ambareesh Baliga of Karvy Stock Broking is of the view that one can buy Reliance Petroleum, RPL.

Ambareesh Baliga of Karvy Stock Broking is of the view that one can hold Ranbaxy Laboratories.

Karvy Stock Broking has maintained its market performer rating on Ranbaxy Laboratories with a target price of Rs 515 in its July 31, 2008 research report. “The revenues for the quarter in dollar terms have moved up by 11 % to USD 440 million. The company revenues in Rupee terms has gone up by 12.7 % to Rs 18296 million. Net revenues have gone up by 14.4 % to Rs 19286 million. The company’s net profit for the quarter has declined from Rs 2662 million to Rs 229 million.”

Anagram Research has rated Larsen and Toubro as an outperformer with a target price of Rs 3190 in its July 30, 2008 research report. “Net sales grew by 53% (YoY) basis, to Rs 6901 Crore, on back of better than expected performance of E&C division. Net Profit increased by robust 33%, due to better contract management and continuous cost optimization in executing large turnkey projects.”

Ambareesh Baliga of Karvy Stock Broking is of the view that one can buy Balrampur Chini.

Radico Khaitan has announced its results for the quarter ended June 2008 (Q1). The company’s net sales were at Rs 166.8 crore versus Rs 152.2 crore. Its Q1 other income was at Rs 1.4 crore versus Rs 4 crore.

Enam has maintained neutral rating on Tata Motors; with a target of Rs 494

Ambareesh Baliga of Karvy Stock Broking said that he sees the Nifty at 4600-4650 in August. He does not see too many negative cues in August as all the negatives news came in July and they have been factored in. He expects the markets to stabilise in August and this would intiate buying.