Stock views on JK Lakshmi Cement, Bartronics India, Zensar Technologies

Angel Broking on JK Lakshmi Cement - Target Rs 145

Angel Broking has recommended a buy rating on JK Lakshmi Cement (JKL) with a target price of Rs 145 in its reports.

"JK Lakshmi Cement, a JK Group company, is an established cement player in North India. The company is increasing its cement as well captive power capacity. Cost savings on account of the decline in input costs, additional captive power and strategic tie up to source power would help the company maintain its margins amidst downturn. At Rs 100, JKL is trading at an EV/tonne of USD 47/tonne on FY2011 capacity, which we believe is attractive. We initiate coverage on the stock, with a 'Buy' recommendation and a target price of Rs 145, "says Angel Broking's research report.

Angel Broking on Bartronics India - Target Rs 235

Angel Broking has recommended a buy rating on Bartronics India with a target of Rs 235 in its report.

"Bartronics India (BIL) enjoys a pre-eminent position in the Indian AIDC segment and has also grown this business globally in countries like Malaysia and the US. The company is also the only Smart Cards manufacturer in India and this segment is expected to surge on demand from the Telecom, Banking and Government sectors."

"The company through bagging the Rs 5,000 crore 'Aapke Dwar' order has also opened up a new avenue for growth in e-governance. We expect BIL to record CAGRs of 39.6% and 34.7% in Top-line and Bottom-line, respectively over FY2009-11E. At the CMP, the stock trades at 3.2x FY2011E EPS. We recommend a 'Buy' on the stock with a target price of Rs 235," says Angel Broking's research report.

Sunidhi Securities on Zensar Tech - Target Rs 175

Sunidhi Securities & Finance has recommended a buy rating on Zensar Technologies with price target of Rs 175 in its report

"Zensar Technologies would be fully committed to the domestic market with its focus on key segments of government, education, media & entertainment, healthcare and logistics in India, launching new offerings and partnerships to service the sectors. Its growth plans for India will build help triple its size in India making this a Rs 100 crore territory in three years from Rs 35 crore at present. We recommend 'BUY' with a target of Rs 175 in the medium term," says Sunidhi Securities & Finance's research report.