Stock Views on Oriental Bank of Commerce, Roman Tarmat, TIL

LKP Shares on TIL - Target of Rs 200

LKP Shares has recommended a buy rating on TIL with a target of Rs 200 in its research report. "The Indo-US civil nuclear co-operation deal and the approval of the APDRP during the XI Plan should in our view boost the demand for products manufactured by TIL over the longer-term. During the first half of the current fiscal, TIL posted a 20% rise in revenues at Rs 4.5 billion (Rs 3.75 billion) and a 10% rise in net profit at Rs 148 million (Rs 135 million). Even assuming a 20% de-growth in revenues and a 20% de-growth in net profits during the second half of the current fiscal we believe that TIL is available at compelling valuations."


LKP Shares on Roman Tarmat - Target of Rs 40


LKP Shares has recommended a buy rating on Roman Tarmat with target of Rs 40 in its research report. "We believe that given the healthy reserves and book value the management despite a comfortable 60% stake could possibly look at a share buy-back which could act as a trigger. Additionally since RTL holds a four-acre property in Mumbai at a prime location in the western suburb, which is lying idle and could potentially fetch the company Rs 45 per share on outright sale or attractive lease income. With a 4% dividend yield we recommend a BUY on ROMAN TARMAT an exciting small cap pick with a one-year price target of Rs 40," says LKP Shares' research report.


Karvy on Oriental Bank of Commerce - Target of Rs 224


Karvy Stock Broking has maintained its buy rating on Oriental Bank of Commerce with a target price of Rs 224 in its research report."In a scenario of declining bond yield across tenures and OBC's high percentage (almost 40%) of investments in trading portfolios with a duration of 1.9 years and almost 1% of excess SLR would make the bank a major beneficiary."


"We estimate the bank would report RoAE of 13.2% and 13.3% in FY2009 and FY2010 respectively; RoAE lesser than estimated cost of equity (14.25%) would command lower price/adjusted book multiple for the bank. We estimate the bank fundamental worth at Rs 224 according to DDM valuation methodology. We reiterate our BUY rating with a target price of Rs224 at 0.86x adjusted book value FY2010," says Karvy's research report.