Stock Views on IDBI Bank, Marico, JP Associates

Sunidhi Securities on IDBI Bank - Target Rs 115

Sunidhi Securities & Finance has recommended a buy rating on IDBI Bank, with price target of Rs 115, in its report.

"IDBI Bank has adopted a strategy of developing a larger client base in the mid-corporate, SME and retail sectors while nurturing the deep relationships that already exist in the large corporate sector. IDBI Bank has high quality assets, comfortable capital adequacy, robust other income and strong growth in advances in the current challenging scenario. At the CMP of Rs 87, the share is trading at a P/BV of 0.74 (FY10), P/E of 8.2x on FY09E and 6.1x on FY10E. We recommend 'BUY' with a target of Rs 115 in the medium term," says Sunidhi Securities & Finance's research report.

Sharekhan on Marico - Target Rs 85

Sharekhan has recommended a hold rating on Marico with a target price of Rs 85 in its report.

"We remain bullish about Marico’s prospects. We maintain our earnings estimates but increase our price target for the stock to Rs 85, as we roll the target over based on our 19x FY2011E estimates. However considering marginal upside from current market price we put a 'Hold' recommendation on the stock," says Sharekhan's research report.

Motilal Oswal on JP Associates - Target Rs 227

Motilal Oswal has maintained its buy rating on Jaiprakash Associates with a price target of Rs 227 in its report.

"We expect Jaiprakash Associates to report net profit of Rs 11.8 billion in FY10E (up 38% YoY) and Rs 11.5 billion in FY11E (down 2% YoY). Based on SOTP methodology, we arrive at price target of Rs 227 per share. Stock trades at PER of 24.6x FY10E and 25.1x FY11E. Maintain Buy," says Motilal Oswal report.