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Aban Offshore Ltd Aban trading at 5xFY'11E earnings and 4xFY'12E earnings can witness upside triggers in price for any new contracts for its idle assets or upwards revision of day rates for any of its assets. We value the company on an EV/ EBIDTA basis and rate it a Buy with a targetmultiple of 6.1x and target price of Rs.1566. Bajaj Auto Ltd Q3-FY'10 were above expectations and we continue to remain upbeat on the prospects for Bajaj Auto trading at 13xFY'11E earnings and re- iterate Buy with a target of Rs2116. Dhampur Sugar Mills Ltd After a bumper Q1 performance we upgrade earnings for DSM and recommend a Buy on the stock trading at 4.3xFY'10E earnings with a one- year price target of Rs236. JSW Steel Ltd Given its strong Q3 performance we continue to maintain Buy on JSW Steel trading at 10.8xFY'11E earnings of Rs91.3 with a target of Rs1208. Mahindra & Mahindra Ltd Q3-FY'10 witnessed margin pressures on a sequential basis but we believe that volume growth and new launches coupled with the synergistic benefits of PTL merger from next fiscal would help M&M and rate the stock trading at 14xFY'11E a Buy with a one-year price target of Rs1296. Maruti Suzuki Ltd Q3-FY'10 witnessed a robust 50% y-o-y volume growth on a low base and we expect ramp up in capacities to boost revenues going forward. We re- iterate a Buy on Maruti trading at 13.5xFY'11E earnings with a one- year price target of Rs1750. Steel Authority of India Ltd Robust Q3-FY'10 performance and with plans to double production capacity by 2012 makes SAIL trading at 11.5xFY'11E earnings of Rs18.4 a good investment bet and we recommend a Buy with a price target of Rs240. Market Beeps 04/02/10 -JSW Steel leads gainers in 'A' group -JSW Steel on a roll after surge in production in January 2010 -Market gives thumbs down to Balaji Amines' diversification plan -Chembond Chemicals hits the roof on overseas tie-up -Power shares rally as institutions lap up NTPC FPO -Associated Stone Industries jumps 31% in five days -Supreme Infrastructure in demand after new order win -Kabra Extrusion hits all-time high on expansion plan -Sterlite Industries spurts after brokerage upgrade -Titan Industries glitters on expansion buzz -L&T builds on new order win -Rasandik Engineering jumps after turnaround Q3 numbers -Rally in crude oil price fuels oil stocks -Inox Leisure hogs limelight after buying stake in rival multiplex -Larger order electrifies Bharat Electronics -Haldyn Glass sparkles after fixing record date for stock-split -Sail shines after price hike -Hindustan Dorr-Oliver moves up on nuclear power plant foray -New drug launch strengthens Venus Remedies -Metal shares track recovery in metal prices on LME -Decent gains for Infinite Computer Solutions on debut. Website inauguration offer...! MASTER PACK (OPTION,PURE NIFTY,CASH,BTSTSTBT,JACKPOT,DELIVERY ) MONTHLY Rs:2000 QUARTERLY (3MONTHS) Rs:3500 HALF YEARLY (6MONTHS) Rs:6000 YEARLY (12MONTHS) Rs:10000 Click For Bank details After deposit please sms ur Name,Mob Mob:09495740510 or info@buzibiz.com We started new yahoo groups and free msgr service Please join with BUZIBIZ http://finance.groups.yahoo.com/group/purenifty/ New Yahoo msgr ID : buzibiz@ymail.com www.buzibiz.com |
Recommendation after Q3 Results 04/02/10
7:40 AM
bullishmumbai
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