The current consensus on India is very negative, and it is difficult to find a real bull among major market participants. Almost everyone is underweight India in a regional or even broader emerging markets context and we have already seen outflows of over $7 billion. Trading volumes have collapsed, investor visits reduced and the hype [...]
Suzlon Kotak Securities has recommended an Accumulate rating on Suzlon with a target price of Rs 88. A report released on December 29 said: ” RWE Innogy and the REpower Systems Group has signed a Memorandum of Understanding (MoU), which provides for the negotiation of framework agreements with a volume of up to 1,900 megawatts. [...]
Bulls extended gains to second straight trading session on Tuesday. Firm cues from the Asian markets coupled with buying witnessed in the scrips across the sectors lifted the bourses higher. Sentiments were further boosted after equity markets across Europe started off with smart gains. The BSE benchmark Sensex finally ended at 9,716 gaining 182 points [...]
CD Equisearch has recommended a Buy rating on CESC with a target price of Rs 400. A report released on December 16 said: “We have valued the company using sum-of-the-parts (SOTP) method based on the valuation of its power (at Rs 330), retail (at Rs 49) and real estate (Rs 21) businesses, and arrived at [...]
Angel Broking has initiated coverage on Sintex Industries with an Accumulate rating and a target price of Rs 230. A report released on December 12 said: “Sintex Industries (Sintex) is a market leader in the manufacture and sale of value-added plastics and textile-based products. Sintex intends to leverage its established brand name to increase its [...]
Kotak Securities has maintained its Buy rating on Opto Circuits with a target price of Rs 212. A report released on December 18 said: “We recently spoke to the management of Opto Circuits India (OCIL). In the interaction, management has discussed about the current business scenario, on-going development and its business strategy going forward. “Invasive [...]
PINC Research has recommended a hold rating on Dabur India with a target of Rs 89 in its December 18, 2008 research report. “The company acquired 72.15% stake in Fem Care Pharma Ltd. (FCPL) in Nov’08 for Rs 2.04 billion. The acquisition will offer DIL a foothold in the Indian fairness bleach market in which [...]
Kotak Securities has upgraded the rating on Redington (India) from Accumulate to Buy with a target price of Rs 185. A report released on December 15 said: “At the current market price of Rs 112, the stock trades at 1.0x P/BV, 6.0x earnings and 5.5x cash earnings based on consolidated FY09E earnings estimates. In view [...]
Infosys: Edelweiss has maintained its Accumulate rating on Infosys Technologies. A report released on December 10 said: “We recently met Infosys Technologies’ (Infosys) management. ‘The leaders will pull away further amidst this turbulence. It’s now become a zero-sum game of relative performance and not an absolute one- – these two statements constitute the crux of [...]
The bulls, who had stayed at the sidelines yesterday after three successive days of gains, charged back with a vengeance and drove the benchmark indices Sensex and Nifty to a highly positive close today. Global cues were mixed when trade commenced this morning and they were not any significantly positive as the session progressed. Global [...]
Enter your email address below to receive updates each time we publish new content.
Stock News Personal Finance Tips Recent Video