Voltas Ltd Overseas concerns Current Price Rs. 178 Target Price Rs. 169 – Sell Voltas Ltd is seeing a gradual improvement in businesses, especially in the unitary cooling products (UCP) and the domestic electro mechanical projects (EMPS) segments, besides some parts of the engineering products services (EPS) segment. As growth in UCP and EPS segments [...]
Hot Stock – Marico
Marico Ltd Strong growth Current Price Rs. 107 Target Price Rs. 121 – Buy Marico Ltd continues to dominate the branded coconut oil market, worth approximately Rs1,500 crore, with its flagship brand Parachute and the refined safflower oil market, including Saffola and Sweekar. Supported by a strong brand portfolio, Marico has witnessed a healthy double-digit [...]
Hot Stock – Tata Chemicals
Tata Chemicals Ltd Stake gain Current Price Rs. 315 Target Price Rs. 341 – Hold During November, Tata Chemicals Ltd acquired about 1 million equity shares of Rallis India Ltd at Rs908.50 per share, raising its stake from 46% to 50.1%, thereby making Rallis India a subsidiary of Tata Chemicals. The acquisition of a majority [...]
Hot Stock – Godrej Properties
Godrej Properties Ltd Banking on land Price Band Rs. 490-530 Issue date : 9-11 Dec. – Neutral The company proposes to use the issue proceeds for acquisition of land development rights for new projects, construction of new projects, repayment of loans and to meet working capital requirements. Godrej Properties Ltd (GPL), a subsidiary of the [...]
LIC Housing Finance : Large Cap
Company Information LICHF has the second position in the market among housing finance companies and has improved to ~10% in the outstanding disbursements in FY2010. It has the strong position in individual loan (Retail) category, which accounts for over 90% of its loan portfolio. Superiorities of the stock Strong growth visibility – on buoyant home [...]
Bharat Heavy Electricals (BHEL) : Buy
Company Information BHEL is the highest power equipment manufacturer, driven by capacity expansion, cost-optimization strategies and looking forward for newer technologies, thus likely to be more competitive in coming years thereby providing visibility for long-term growth. Superiorities of the stock Tremendous growth visibility – with capacity expansion to 15 GW. Margin expansion on the cards [...]
Asian Paints (APNT) – Long Term Buy
Company Information Asian Paints is India’s largest paint manufacturer and marketer with a dominant share in the decorative paints segment. For industrial and automobile paints, the company has a JV with PPG of the US. Asian Paints acquired Berger International of Singapore to expand its operations in other markets in Asia, the Middle East and [...]
Investing Ideas for 2010-11
Top Buy Ideas Large Caps Asian Paints BHEL LIC Housing Finance Mahindra Satyam Tata Motors Mid-Caps Amara Raja Batteries BGR Energy Biocon Coromandel International Oriental Bank of Commerce Small Caps Automotive Axles Everest Industries Globus Spirits VST Tillers Tractors WABCO-TVS (India) Top Sell Ideas Aban Offshore GMR Infrastructure Suzlon Energy
Hot Stock – Bank of India
Buy Bank of India: target of Rs 582: Motilal Oswal Motilal Oswal is bullish on Bank of India and has recommended buy rating on the stock with a target of Rs 582 in its October 22, 2010 research report. “Bank of India PAT grew 91% YoY (on a lower base) to Rs 6.2 billion (11% [...]