Stock vews on Suzlon, Dishman Pharma, 3i infotech

Prabhudas Lilladher on Suzlon - Target Rs 113

Prabhudas Lilladher has maintained its accumulate rating on Suzlon Energy with a target price of Rs 113 in its research report.

"Suzlon Wind (excl. Hansen & REPower) de-grew by 44%% YoY to Rs 11.6 billion in Q1FY10 as it sold only 123MW as against 338MW in Q1FY09. Since Suzlon is actively looking to sell in part or the entire stake in Hansen, we have done a SOTP, wherein we have assigned a value of Rs 23 per share (20% discount to market price) for its entire Hansen stake. Also, the target P/E of 10x FY11E earnings for the consolidated entity (Suzlon Wind and REPower) gives us a target price of Rs 113. We maintain an ‘Accumulate’ on decline rating," says P Lilladher's research report.


Reliance Money on Dishman Pharma - Target Rs 221

Reliance Money has maintained its buy rating on Dishman Pharmaceuticals & Chemicals Ltd with a price target of Rs 221 in its report.

"Dishman Pharmaceuticals reported below expected revenues by declaring 4% fall to Rs 2281 million primarily due to lower take-off of Eprosartan (which normally contributes around 17% of total revenue) by Solvay as it was undergoing a inventory rationalization (that resulted in 40% fall in Dishman’s domestic CRAMS operation).With a stronger operational and financial outlook, we maintain our positive stance on Dishman."


Sushil Finance on 3i infotech - Target Rs 116

Sushil Finance has recommended a buy rating on 3i infotech with a target of Rs 116 in its report.

"Given the current uncertain and challenging environment, 3i infotech has delivered a muted performance during Q1FY10. However, the Company is much better placed as compared to many of its peers and it has a good business balance in terms of geographical spread & portfolio of offerings. The recent acquisition of JP Morgan Treasury Services’ National Retail Lockbox Business (NRLB) by its subsidiary, Regulus Group is also a strategic move and expected to help 3i achieve operational efficiencies and drive value within its Transaction Services Revenue chain."