Stock views on Colgate Palmolive, Welspun Gujarat Stahl Roh, Rolta India

Hem Securities on Rolta India - Target Rs 255

Hem Securities has recommended a buy rating on Rolta India with a target price of Rs 255 in its research report.

"The company’s future prospects are becoming brighter with the various orders in hand and improving yearly and quarterly performance. Presently, the company is running at a P/B multiple of 2.02x to it’s FY09 book value of Rs.88.42 while the P/E multiple of the company is running at 9.77x to its FY09 EPS of Rs.18.25. However, the industry is running at a P/E multiple of 19.30x which leaves the stock with a significant upside potential. Hence, we recommend 'BUY' on the stock with a medium term price target of Rs.255.00," says Hem Securities' research report.


SKP Securities on Welspun Gujarat Stahl Roh - Target Rs 362

SKP Securities has recommended a buy rating on Welspun Gujarat Stahl Roh with a target price of Rs 362 in its research report.

"Welspun has the strong order book position of Rs 68.4 billion, executable within 12-15 months, of which 80% are export orders and rest are domestic. We recommend Buy rating on the stock with a target price of Rs 362/- in 18 months implying a P/E multiple of 14x of FY11E earnings," says SKP Securities' report.


KRChoksey on Colgate Palmolive - Target Rs 703

KRChoksey has recommended a buy rating on Colgate Palmolive (India) with a target price of Rs 703 in its research report.

"CPIL continues to sustain its leadership position in the Rs. 4,000 crore Indian Oral care industry, with a dominant market share of 50%. CPIL - managed by professionals, having concentrated business model, good cash generation from operations, zero debt and surplus cash bank balance is attractive in the Indian FMCG space. Strong brand loyalty, low penetration level, increased hygiene awareness and increasing contribution from rural India are the growth drivers for the company. We initiate our coverage on the stock with a ‘BUY’ recommendation with a target price of Rs. 703, giving an upside potential of 16%. We have valued the company at a P/E multiple of 20x FY11E EPS of Rs. 30.3," says KRChoksey's research report.