Stock views on Orchid Chemicals, Glodyne Technoserve, Unitech

Sharekhan on Orchid Chemicals, target of Rs 163

"The approval and launch of Tazo-Pip in the USA and the resumption of supplies to Europe would act as major triggers for the stock in the near term, whereas the reduction in the debt levels and interest costs would drive the stock in the medium to long term. At the current market price of Rs 94, Orchid is discounting its FY2011E earnings by 5.8x. We maintain our Buy recommendation on the stock with a price target of Rs 163," says Sharekhan's report.

Reliance Money on Glodyne Techno, target of Rs 575

Glodyne Technoserve continues to leap forward with impressive financial performance, we estimate an EPS CAGR of 33% over FY09-11E. At CMP of Rs 488, stock trades at 5X FY10E earning and 4x FY11E. We continue to remain positive on long term sustainability of Glodyne’s business model and recommend 'BUY' with a 12-month target price of Rs 575. At our target pricestock will be valued at 5x FY11E," says Reliance Money's report.

KRChoksey on Unitech, target of Rs 110

"The successful QIP’s has brought positive triggers in the stock. We expect Unitech would be able to launch 35 million sq ft in next 2 years. The company plans to launch 40 projects at aggressive price points on which they have received a good response. We expect Unitech to reduce its debt by 35% to Rs 5,070 crore by the end of FY10 from the existing debt of Rs 7,800 crore., which will bring down its D/E from 1.6X to 0.5x. Based on our funding analysis, we believe that the funds raised from QIPs and other initiatives (asset sale, Telenor deal, warrants to be issued to promoters, etc) would be sufficient to fund its planned projects. We thus belive that the funding woes for the company are more or less over in short to mid term. At CMP of Rs.84 we maintain our ‘BUY’ recommendation on the stock with a target price of Rs 110, which gives it an upside potential of 29.4%. At the CMP of Rs 84, the stock is trading at 20.3x FY10E earnings of Rs 4.2," says KRChoksey's report.