Stock views on NTPC, TIL, Allied Digital

India Capital Markets on Allied Digital - Target Rs 420
India Capital Markets has recommended a buy rating on Allied Digital Services with a target of Rs 420 in its research report. "ADSL’s standalone Q3FY09 revenue dipped 7.4% on a sequential basis to Rs 953 million (excluding exchange gains) led by 10.7 % fall in solution business while services were flat at Rs 283 million. Given the current environment, slower growth in the SI business is anticipated. However management has indicated increased opportunities in the maintenance part of the business. We recommend a BUY, target of Rs 420," says India Capital Markets' research report.


SKP Securities on TIL - Target Rs 150

SKP Securities has maintained its buy rating on TIL with a target of Rs 150 in its research report. "Net sales were down by 4.5% to Rs 189.6 crores in Q3FY09 over Q3FY08. PAT for the quarter fell by 30.2% at Rs 5.28 crores on y-o-y basis due to lower other income and higher interest and depreciation charges. To factor in the delay in expansion, reduced operating margins and general economic slowdown, we are revising our price target. However, we maintain our BUY recommendation on the stock with a target price of Rs 150 (previously Rs 300) at 6x FY10E earnings. Early improvement in demand outlook and preponement of its expansion plans remain key upside risks to our price target," says SKP Securities' research report.


Indiabulls Securities on NTPC - Target Rs 221

Indiabulls Securities Research has maintained its buy rating on NTPC with a target price of Rs 221 in its research report. "NTPC’s net sales for Q3’09 increased 20.9% yoy to Rs 112.8 billion. The increase in sales was primarily on account of higher fuel cost which is a pass-on cost for NTPC. We remain positive on NTPC’s long-term performance and its ability to generate consistent returns for its shareholders. Driven by encouraging revised tariff determination norms and other incentives proposed by the Central Electricity Regulatory Commission (CERC), we have increased our target price from Rs 195 to Rs 221 and maintain a Buy rating for the stock," says Indiabulls Securities' research report.