Stock views on Bank of India, Gillette India, Wipro

KRChoksey on Bank of India - Target Rs 390

KRChoksey has recommended a buy rating on Bank of India with a price target of Rs 390, in its report. "We reiterate our Buy on Bank of India and increase our price target to Rs 390. We believe the recent underperformance of the stock provides an attractive entry point for investors given our expectation of earnings rebound in FY11 on back of pickup in net interest margins, higher fee income and lower credit costs," says KRChoksey's report.

HDFC Securities on Gillette India - Target Rs 1036-1080

HDFC Securities has recommended a buy rating on Gillette India with a a price target of Rs 1,036-1,080 in its research report.

"Looking at its future growth potential we feel, GIL could also trade at 24-25x FY June 10E EPS, which gives us a price target of Rs. 1,036-1,080. Hence we recommend investors to buy this scrip at the current price & average it on dips in the price band of Rs. 800-860 for the above mentioned price target over the next two to three quarters," says HDFC Securities' report.


IIFL on Wipro - Target Rs 600

IIFL has recommended a buy rating on Wipro with a target price of Rs 600 in research report.

"Wipro has outperformed TCS and Infosys in the past one month as well as YTD. Wipro’s continued outperformance over its peers reflects improved operational performance, cost optimisation efforts yielding results, and recent order wins translating into better revenue visibility. Wipro has won a number of new deals from BPO, Fosters, GE, Unitech Wireless, Lavasa etc. These deals address investor concerns on revenues from technology and telecom divisions. We expect Wipro to trade on a par with Infosys, implying a further 5-10% outperformance. BUY, target of Rs 600," says IIFL's research report.