Stock views on Balaji Telefilms, Jyoti Structures, Rolta

ULJK Securities on Rolta - Target Rs 190

ULJK Securities has recommended a buy rating on Rolta India with a target price of Rs 190 in its research report. "The company is confident of achieving its target of guidance of Rs 14.80 billion- Rs 15 billion and the PAT levels at Rs. 3.20 billion- Rs 3.30 billion. The order book position of the company is about Rs 15.90 billion. We expect the growth will most likely be driven by capturing the market in the GIS/EDA space for infrastructure space. We are initiating coverage with BUY recommendation, target of Rs 190," says ULJK Securities' research report


Reliance Money on Jyoti Structures - Target Rs 85

Reliance Money has recommended a buy rating on Jyoti Structures with a target of Rs 85 in its research report. "The overall Q3FY09 performance of Jyoti Structures Ltd (JSL) remains below our expectation. JSL witnessed a top line growth of 25% YoY to Rs 4330.7 million in Q3FY09. However higher borrowing cost along with increase in other expenditure negatively impacted the bottom line which saw a drop of 10.4% YoY during the quarter to Rs 180.6 million. The order book inflow has slowed down during the quarter which has raised concerns, but we remain confident on margins for next two years. We keep our BUY recommendation with a revised price target of Rs 85," says Reliance Money's research report.


Angel Broking on Balaji Telefilms - Target Rs 52

Angel Broking has downgraded its rating on Balaji Telefilms with a target of Rs 52 in its research report. "For the quarter, Topline de-grew 36.8% yoy to Rs 50.6 cr (Rs 80 cr) on a Standalone basis. In terms of Earnings, the company registered a decline of 97% yoy in Standalone Bottom-line to Rs 0.6 cr (Rs 18.8 cr) as a result of sharp Margin contraction. We have downgraded our rating on the stock to Accumulate from Buy, with a revised Target Price of Rs 52 (Rs 103), assigning a lower P/E multiple of 7x FY2010E factoring in higher uncertainty on its programming slate and lower Earnings growth," says Angel Broking's research report.