CMP: Rs 292.65
Target price: Rs 400
India Infoline has maintained a ‘buy’ on Godawari Power & Ispat as it feels that the company’s capacity additions will lead to robust volume growth thereby driving the bottomline in the coming years.
“Capacity additions, which were commissioned 100% in September 2007, will lead to robust volume growth for the company. GPIL’s strong volume growth coupled with higher realisations, will lead to its revenues rising by a CAGR of 50.9% over the period FY07-10E,” says the report. Operating margins are expected to remain flat at 19.8% in FY08 and 19.9% in FY09 and then expand to 22.9% in FY10, it adds.
Wednesday, February 6, 2008
Yes Bank
CMP: Rs 257.40
Target price: Rs 300
CItigroup Global Markets has maintained its ‘buy’ rating on Yes Bank while raising the target price from Rs 230 to Rs 300 to factor in the proposed capital raising and continued strong growth of the bank.
“We rate Yes Bank with a buy/medium risk rating and an EVA-based Rs 300 target price,” says the report. The foreign brokerage feels that even though Yes Bank is relatively young, it has strong execution skills.
“It has built a focused asset portfolio, has strong treasury and advisory income businesses, and has kept risks relatively low. Moreover, we believe the bank offers aggressive growth potential,” the report adds. It further adds that the key catalysts for the stock's medium-term performance are likely to be easing domestic interest rate & liquidity environment, fresh capital raising and strong growth in investment banking fees.
Target price: Rs 300
CItigroup Global Markets has maintained its ‘buy’ rating on Yes Bank while raising the target price from Rs 230 to Rs 300 to factor in the proposed capital raising and continued strong growth of the bank.
“We rate Yes Bank with a buy/medium risk rating and an EVA-based Rs 300 target price,” says the report. The foreign brokerage feels that even though Yes Bank is relatively young, it has strong execution skills.
“It has built a focused asset portfolio, has strong treasury and advisory income businesses, and has kept risks relatively low. Moreover, we believe the bank offers aggressive growth potential,” the report adds. It further adds that the key catalysts for the stock's medium-term performance are likely to be easing domestic interest rate & liquidity environment, fresh capital raising and strong growth in investment banking fees.
JAIN iRRIGATION
CMP: Rs 636
Target price: Rs 760
Morgan Stanley has maintained ‘overweight’ on Jain Irrigation Systems as it expects the company’s margins to expand over the next three to five years with faster growth in micro irrigation systems (MIS).
“We believe that Jain Irrigation Systems is an interesting play on India agriculture with industry leadership in the fast-growing MIS business and presence in high growth potential agro processing business,” says the report.
Strong growth momentum in micro-irrigation systems and fruits & vegetables processing continues to drive strong growth, it adds. According to the brokerage, MIS and fruits & vegetables (FV) processing businesses have registered a growth of 71% and 86% year-on-year for the first nine months of the current financial year.
Target price: Rs 760
Morgan Stanley has maintained ‘overweight’ on Jain Irrigation Systems as it expects the company’s margins to expand over the next three to five years with faster growth in micro irrigation systems (MIS).
“We believe that Jain Irrigation Systems is an interesting play on India agriculture with industry leadership in the fast-growing MIS business and presence in high growth potential agro processing business,” says the report.
Strong growth momentum in micro-irrigation systems and fruits & vegetables processing continues to drive strong growth, it adds. According to the brokerage, MIS and fruits & vegetables (FV) processing businesses have registered a growth of 71% and 86% year-on-year for the first nine months of the current financial year.
News
WE ARE BULLISH ON THE MARKET AS LONG AS IT STAY ABOVE 18000. THE MARKET IS FINDING ITS FEET HERE WHICH IS VERY GOOD FOR LONG TERM. I.T. AND PHARMA STOCKS LOOKS VERY ATTRACTIVE FOR LONG TERM. INFOSYS, TCS, SATYAM, CIPLA, RANBAXY CAN BE BOUGHT FOR A LONG TERM VIEW YOU WILL DEFINITELY GET GOOD RETURN. POWER STOCK CAN RALLY ON ACCOUNT OF RPOWER LISTING AHEAD, BUY NTPC TATA POWER, POWER GRID FOR SHORT TERM GAIN. HAVE AN EYE ON SAIL! THERE IS SOME NEWS IN HFCL ALSO!
recoo
2/5/2008 J P Hydro 85.00 140.00 81.00 30 days target
2/5/2008 Hindustan Oil 126.50 175.00 98.00 Average
2/4/2008 LIC Housing 301.00 375.00 290.00
2/5/2008 Hindustan Oil 126.50 175.00 98.00 Average
2/4/2008 LIC Housing 301.00 375.00 290.00
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