Stock views on Punj Lloyd, Unichem Laboratories, Bharti Airtel

Sunidhi Securities on Punj Lloyd - Target of Rs 175

Sunidhi Securities & Finance has recommended a buy rating on Punj Lloyd with a target price of Rs 175 in its research report. "Increasing global spend on hydrocarbon, gas pipeline grid and infrastructure with well diversified robust order book with all round synergies give good visibility to revenue & profitability in the coming years. We recommend BUY with a target of Rs 175 in the medium term," says Sunidhi Securities & Finance's research report.

Karvy on Unichem Laboratories - Target of Rs 270

Karvy Stock Broking has maintained its buy rating on Unichem Laboratories with a target price of Rs 270 in its research report. "The company's net revenues for the quarter is going to grow by 10 % to Rs 1531 million. Profits for the quarter would move up by 63 % to Rs 246 million. The company's focus on profitable products has been a silver lining for the company with operating margins breaching the 20 % mark on a standalone basis. We marginally downgrade our earnings by 3 % to Rs 25.5 for FY 2009 and by 3.2 % to Rs 33.7 for FY 2010. We however maintain BUY and our price target of Rs 270 based on 8x FY 2010," says Karvy's research report.

Sharekhan on Bharti Airtel - Target of Rs 985

Sharekhan has maintained its buy rating on Bharti Airtel with a target of Rs 985 in its research report. "The latest deal in the telecom tower business, between Wireless Tata Teleservices (WTT; the tower company of Tata Teleservices) and Quippo Telecom, has positive implications for the valuations of tower business of Bharti Airtel. For Q3FY2009 we expect Bharti Airtel to report a revenue growth of 34.3% year on year (yoy) and 3.7% on a quarter on quarter (qoq) to Rs 9,350 crore. The mobile subscriber base is estimated to grow by 10.6% qoq to 85.7 million. The net profit is expected to grow by 29.5% yoy and 6.2% qoq to Rs 2,229.8 crore. We maintain our Buy call on the stock with a price target of Rs 985," says Sharekhan's research report.