Prabhudas Lilladher on Idea Cellular - Target of Rs 94
Prabhudas Lilladher has initiated an accumulate rating on Idea Cellular with a target of Rs 94 in its September 19, 2008 research report. " We initiate coverage on Idea cellular with an accumulate rating and a DCF based target price of Rs 94 (WACC=13%, Terminal growth rate=3%). Idea cellular is in the early stage of wireless coverage and at least 3-4 years away from attaining maturity. Further, new rollouts are currently gestation businesses (with around 10-12 quarters away from breaking even). Hence, we have used DCF as our prime tool to capture the true potential of the business," says Prabhudas Lilladher research report.
Prabhudas Lilladher on Country Club - Target of Rs 797
Prabhudas Lilladher has maintained its buy rating on Country Club (India) (CCIL) with a target of Rs 797 in its September 20, 2008 research report. "CCIL’s aggressive expansion plans in terms of acquiring properties and offering comprehensive range of products to its clients has helped the company to grow at CAGR of 210.8% over last three years to Rs 3.18 billion in FY08. At the CMP of Rs 270, the stock trades at 4.5x FY09E and 2.7x FY10E earnings."
"We believe that CCIL should trade at a premium to the current valuations, given its strong revenue and profit growth. We maintain BUY rating on the stock with a target price of Rs 797 (8x FY10E)," says Prabhudas Lilladher's research report.
Emkay Global on Mphasis - Target of Rs 240
Emkay Global Financial Services has maintained its buy rating on Mphasis with a price target of Rs 240 in its December 1, 2008 research report. "Mphasis reported revenues of Rs 3282 million, with operating margins at 26.5%, up by 530 bps V/s September’08 quarter, highest in the company's reporting history for Oct ’08. Net profits for October '08 came in at Rs 754 million helped by translation gains as well as tax credits (effective tax rate for the month at <1%).">Angel on Nagarjuna Construction - Target of Rs 96
Angel Broking has maintained its buy rating on Nagarjuna Construction Company with a target price of Rs 96 in its December 2, 2008 research report. "Nagarjuna Construction Company (NCC), a diversified infrastructure player has bagged six orders aggregating to Rs 484 crore. The orders secured are related to construction of buildings at various regions across the country spanning construction works related from 5 star Hotels to Educational institutions. The order sizes vary from Rs 36 crore to Rs 121 crore and are to be executed over a period varying between 12 months to 21 months. With accretion of these orders, the outstanding order book of NCC stands at Rs 13,440 crore which is 3.9x FY2008 revenues. We maintain a Buy on the stock, with a target price of Rs 96," says Angel's research report.
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4 comments:
Hi Everyone,
Year 2008 was one of the worst year for all people involved in IT sector and in stock market. In past, financial sector and IT sectors were among the major contributor in the country followed by Auto sector. But now these three sectors are struggling to recover from there losses.
From investors point of view, we are considering it as an opportunity to make fortunes in Indian stock market. Only thing one has to do is to pick right stock at right time.
There are many stocks available in the stock market which can be considered as virgin stock and are ready to blast any time. Now the question arises how to go for stock selection? Which stocks are to be picked and which are to be ignored at these levels.
All investors can simply check Research report and can see why to buy or not.
Regards
SHARETIPSINFO TEAM
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