Stock Views on Infosys, Garware Offshore,

Justtrade.in on Infosys - Target Rs 2090

Justtrade.in has maintained buy rating on Infosys Technologies with a price target of Rs 2090 in its report dated 28 th August, 2008."Infosys an IT and consulting company with revenues of over US$ 4 billion, designs and delivers technology enabled business solutions. It trades at a PE multiple of 20.8 based on EPS for trailing twelve months ended 30th June 2008, Price to Book ratio of 7.2 on 2008 Book-Value and Price to Sales ratio of 5.9 based on net sales for trailing twelve months ended 30th June 2008. On the basis of our research, we feel that this is a good stock to buy at the current market price of Rs 1708. If everything goes well, the price is likely to appreciate to Rs 2090, within 12 months, translating into a gain of about 22.5%." According to Justtrade.in report.

India Capital Markets on Garware Offshore - Target Rs 244

India Capital Markets has recommended a buy rating on Garware Offshore Services with a target price of Rs 244 in its October 29, 2008 research report. "Garware Offshore Services (GOSL) has reported excellent numbers in Q2FY09 with strong revenue growth in revenues 79% yoy at Rs 446 million. GOSL is currently trading at a discount of 30-40% to its peer group. Our target price of Rs 255 was based on DCF valuation on a long term perspective. However, contraction in multiples will lower our target price to Rs 144, which works at 4x FY2010 earnings. Hence we recommend a BUY on the stock," says India Capital Markets' research report.

KRChoksey on Petronet LNG - Target Rs 48

KRChoksey Research has maintained its buy rating on Petronet LNG with a target price of Rs 48 in its October 20, 2008 research report. "Net profit declined 10.5% y-o-y to Rs 103.4 crore for the company owing to lower taxes and higher other income. Effective tax rate drop 272 bps y-o-y to 31.1% which restricted decline in PAT. At the CMP of Rs 39.1, Petronet LNG is trading at 6.4x its TTM earnings and 6.3x its FY09E EPS of Rs 6.2. We maintain a buy on the stock with target price of Rs 48. At the target price the stock would be valued at 6.8x its FY10E EPS of Rs 7.0, and 1.5x P/BV," says KRChoksey's research report.