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 [...]
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% [...]