Stock views on Tulip Telecom, HCC, Sintex Inds

Prabhudas Lilladher on Tulip Telecom - Target of Rs 1336

Prabhudas Lilladher has maintained its buy rating on Tulip Telecom with a target of Rs 1336 in its September 25, 2008 research report. "At the ruling market price of Rs 937, the stock trades at 11.3x FY09E EPS of Rs 82 and at 9.1x FY10E EPS of Rs 102. We remain positive on the future growth prospects of Tulip and maintain BUY rating on the stock, target of Rs 1336," says Prabhudas Lilladher's research report.

Angel Broking on HCC - Target Rs 117

Angel Broking has maintained its buy rating on Hindustan Construction Company (HCC), with revised price target of Rs 117, in its report dated September 27, 2008.

"The HCC stock is trading at attractive levels with an extremely positive risk-reward ratio despite negatives like a high interest rate regime, dip in Margins and reduced valuations for Real Estate. We remain positive on HCC and believe that HCC’s stock will fetch attractive returns if the Lavasa project turns out to be a success over a period of time. We have valued HCC on SOTP basis. We have assigned a revised PE of 10x FY2010E Earnings (12x assigned earlier) for its core Construction business on account of the current market turmoil and expected slowdown in growth and have valued it at Rs 59/share. The Real Estate business, on NAV basis, fetches Rs 53/share. The Road BOT segment has been valued on DCFE basis at Rs 5/share. At Rs 81, the stock is attractively trading at 9x FY2009E and 4x FY2010E Earnings post adjusting for BOT and Real Estate. We maintain a Buy on the stock, with a revised Target Price of Rs 117 (Rs 140)", says Angel Broking report.

Reliance Money on Sintex Indstries - Target Rs 364

Reliance Money has recommended a buy rating on Sintex Industries, with price target of Rs 364, in its report dated October 1, 2008.

"We recommend a BUY on Sintex Industries Ltd (Sintex), a well diversified company having strong domain expertise in range of plastics and concentrates on the niche segment of textiles business. Sintex is a market leader in the plastics processing industry, which has been growing at scorching pace through both organic and inorganic route, with net profit CAGR of around 36% for FY06-08A. Sintex, over the years, leveraged its established market dominance in water tanks (70% share) to tap other higher-margin segments. Going forward, we expect Sintex's revenue and profit would grow at a CAGR of 46% and 43% respectively during FY08-FY10E, boosting EPS to Rs 25.2 in FY09 and Rs 32.6 in FY10 from Rs 15.7 in FY08," says Reliance Money report.