Stock views on Nava Bharat Ventures, Redington, NIIT

Hem Securities on Nava Bharat Ventures - Target of Rs 280

Hem Securities has maintained its buy rating on Nava Bharat Ventures with a target of Rs 280 in its September 22, 2008 research report. "The company posted excellent financial figures for the quarter ended June 2008. The net sales for the company gone up by 64.77% to Rs 2904.77 million for the Q1FY09 as against the net sales of Rs 1762.91 million for the Q1FY08.Since the stock seems to offer extremely good investment opportunities, we initiate a ‘BUY’ signal on the stock with a target price of Rs 280 in medium term investment horizon expecting an appreciation of about 28% from the current level,” says Hem Securities’ research report.

India Capital Markets on Redington - Target Rs 325

India Capital Markets has recommended a buy rating on Redington (India) (RDIL) with a target of Rs 325 in its September 23, 2008 research report. "RDIL is currently trading at a P/E of 13 on FY09E earnings with a PEG of 0.9. An important aspect to note is that the projected growth is only for the established business of RDIL & doesn’t include contribution from NBFC & proposed ADC. We initiate coverage on the company with a BUY recommendation, with a Target Price of Rs 325," says India Capital markets' research report.

Emkay Global on NIIT - Target of Rs 132

Emkay Global Financial Services has maintained its buy rating on NIIT with a target of Rs 132 in its September 22, 2008 research report. "We highlight that the company remains sound on achieving the earlier envisaged financial targets for FY09 (our growth and margin assumptions for the business segments are lower than company’s internal targets). We would look to review our ratings and target price post Q2FY09 results; however believe that there is little risk to our FY09 earnings estimates of Rs 5.4. Maintain BUY with a price target of Rs 132," says Emkay Global Financial Services' research report.