PINC Research has initiated ‘buy’ rating on Cosmo Films and sets a 15 month target price of Rs 125. The company is a focussed manufacturer in the Indian BOPP film market and is gradually concentrating on supplying specialty films, which command higher realisations and robust margins and are insulated from pricing pressures of the commodity cycle.
PINC Research has recommended a buy rating on Everest Kanto Cylinder with a target of Rs 385 in its September 15, 2008 research report. “At the CMP of Rs 291, the stock trades at a P/E of 19.9x & 12.2x and an EV/EBIDTA of 12.7x & 8.9x FY09E and FY10E earnings respectively. Considering the favorable macro scenario and robust demand for CNG cylinders coupled with the initiatives taken by the company, EKC has the potential to grow by CAGR of 46% in earnings for the next three years. Hence, we recommend a ‘BUY’ with a price target of Rs 385 on an 18 months investment perspective,” says PINC’s research report.
BSE Sensex: (13531) we said ‘still no sign of strength except the psychological support of 14000’ the market cracked down with a bang and closed in the negative by 470 points. Still no sign of strength though we could see some short covering in the later part of the trading session. The market looks down unless it opens with a Bull gap climbs up…
Sharekhan has kept a buy rating on Indian Hotels with a target of Rs 146, reports CNBC-TV18.
PINC Research has recommended a buy rating on Everest Kanto Cylinder with a target of Rs 385 in its September 15, 2008 research report. “At the CMP of Rs 291, the stock trades at a P/E of 19.9x & 12.2x and an EV/EBIDTA of 12.7x & 8.9x FY09E and FY10E earnings respectively. Considering the favorable macro scenario and robust demand for CNG cylinders coupled with the initiatives taken by the company, EKC has the potential to grow by CAGR of 46% in earnings for the next three years. Hence, we recommend a ‘BUY’ with a price target of Rs 385 on an 18 months investment perspective,” says PINC’s research report.
It was a blood bath on Dalal Street as US financial turmoil sent indices plunging right from word go. The markets however erased some of the early losses as falling crude and hopes of a Fed rate cut cheered beleaguered traders. The Nifty closed at 4,073 down 156 points, while the Sensex shut shop at 13,531 down 470 points.
Emkay Global Financial Services has recommended a buy rating on Tech Mahindra with a target of Rs 990 in its September 12, 2008 research report.
Technical Analyst, Ashwani Gujral is of the view that Nagarjuna Fertilisers and Chemicals has support at Rs 28.
Kotak Institution has maintained its reduce rating on Reliance Petroleum with a target of Rs 150, reports CNBC-TV18.
Technical Analyst, Ashwani Gujral is of the view that in a good scenario, Maruti Suzuki India can touch Rs 800.
Kotak Institution has kept a buy rating on Dr Reddys Laboratories with a target of Rs 790, reports CNBC-TV18.
Emkay Global Financial Services has recommended a buy rating on Mphasis with a target of Rs 315 in its September 12, 2008 research report.