Stock views on Everest Industries, Jagran Prakashan, Jubilant Organosys

Sunidhi Securities on Everest Inds - Target Rs 125

Sunidhi Securities & Finance has recommended a buy rating on Everest Industries, with price target of Rs 125, in its report dated.


"Everest Industries’s service & production capability, initiatives towards further expand the product range and the market, offer of more choices and solutions to its customers coupled with the sturdy growth rate in demand give strong revenue visibility in the coming years. At the CMP of Rs 90, the share is trading at a P/E of 4 on FY10E and 3.5 on FY11E. We recommend 'BUY' with a target of Rs 125 in the medium term," says Sunidhi Securities & Finance's report.


Angel Broking on Jagran Prakashan - Target Rs 89

Angel Broking has upgraded its buy rating on Jagran Prakashan, with price target of Rs 89, in its report dated.

"We re-iterate Jagran as our top pick in the print media space and remain positive on its future outlook owing to its dominant position in the Hindi Belt (has recently launched a National daily in Delhi), increasing colour ad inventory, ability to attract high amount of local advertising and better traction in new initiatives (I-Next, City Plus, Yahoo Portal, OOH and Event Management). Moreover, we estimate the company’s 1QFY2010 results to reflect additional growth due to the Election spend. At Rs 78, the stock is trading at 15.7x FY2011E Earnings of Rs 4.9. We upgrade the stock to a Buy with a revised Target Price of Rs 89 (Rs 80)," says Angel Broking's report.

Karvy Stock Broking on Jubilant Organosys - Target Rs 215

Karvy Stock Broking has recommended a buy rating on Jubilant Organosys, with price target of Rs 215, in its report .

"The company will incur a capex of Rs 2.5 billion in FY 2010E and Rs 2 billion in FY 2011E. Investment of Rs 1 billion would be in APIs and Rs 1.6 billion in proprietary products and exclusive synthesis. We maintain our FY 2010E estimates as the guidance is in line with our forecast. We introduce FY 2011E estimates and roll over our price target to FY 2011E. The stock is currently quoting at PE of 7.8x FY 2010E and 6.2x FY 2011E and EV/EBDITA of 7.4x FY 2010E and 6.3x FY 2011E. This is mainly on account of the high leverage in the company's books. We rate the stock as a 'BUY' with a price target of Rs 215 based on 8x FY 2011E," says Karvy Stock Broking's report.