KRChoksey Views on Jagran Prakashan, GSPL, Sejal Architectural

Jagran Prakashan - Target of Rs 70

KRChoksey Research has recommended a buy rating on Jagran Prakashan with a target price of Rs 70 in its November 11, 2008 research report. "On Y-o-Y basis, advertising revenue had shown a growth of 23.2% to Rs 143.7 crore and subscription revenue of 2.0% to Rs 47.2. We recommend a BUY with a target price of Rs 70 representing an upside potential of 36% from current levels," says KRChoksey's research report.

Sejal Architectural - Target of Rs 105

KRChoksey Research has maintained its buy rating on Sejal Architectural Glass with a revised target price of Rs 105 in its November 4, 2008 research report. "The company has surged from a loss making company in Q1FY09 to a profit of Rs 2.2 crore in Q2FY09. The net profit margin of the company stood at 15.7% for Q2FY09. We maintain our BUY recommendation on the stock, although we have revised the target price downwards from Rs 124 to Rs 105, due to macro-level headwinds faced by the construction industry. At the target price, the stock would be valued at 15.5x FY10E EPS of Rs 6.8," says KRChoksey's research report.
GSPL - Target of Rs 36

KRChoksey Research has maintained its buy rating on Gujarat State Petronet (GSPL) with a target price of Rs 36 in its November 4, 2008 research report. "GSPL reported net sales of Rs 118.5 crore, up 24.4% y-o-y; volume was below our expectation and declined to 14.9 mmscmd. We maintain a BUY on the stock with target price of Rs 36, giving an upside potential of 21%. At the target price the stock would be valued at 5.0x its FY10E CEPS of Rs 7.1, and 1.5x P/BV, " says KRChoksey's research report.