KRChoksey views on Gujarat Gas, Unitech, DLF

Unitech - Target of Rs 73
KRChoksey Research has recommended a buy rating on Unitech with a target price of Rs 73 in its November 5, 2008 research report. "The sales for the Q2FY09 were stagnant at Rs 983.1 crore marginally down 3.0% y-o-y and 4.7% q-o-q but the operating margins is up by 1190 bps to 62% from 50%. We believe most of the concerns are already priced in, and recommend a BUY with a target price of Rs 73. At the target price the stock would be valued at 5.9x FY09E EPS of Rs 12.31, implying an upside potential of 47.17%," says KRChoksey's research report.


DLF - Target of Rs 414

KRChoksey Research has recommended a buy rating on DLF with a target price of Rs 414 in its research report. "DLF had a stagnant quarter due to erratic market conditions. Going forward, company plans to launch aggressively mid housing apartments and commercial verticals. DLF has a 64 msf under development and a net D/E ratio of 0.6x which is much lower than most of its peers. We believe DLF is best placed to tide over the difficult times. We recommend a BUY with a target price of Rs 414. At the target price the stock would be valued at 8.1x FY09E EPS of Rs 50.65, implying an upside potential of 58.0%," says KRChoksey's research report.


Gujarat Gas Co - Target of Rs 280

KRChoksey Research has recommended a buy rating on Gujarat Gas Company with a target price of Rs 280 in its November 13, 2008 research report. "Gujarat gas reported net sales of Rs 324.6 crore, up 17.3% Y-o-Y, on the back of increase in average realization to Rs 11.4/scm from Rs 9.8/scm in Q3CY08. We recommended a BUY on the stock with target price of Rs 280, giving an upside potential of 36%. At the target price the stock would be valued at 10.0x its CY08E EPS of Rs 28.1," says KRChoksey's research report.