Stock Views on JMC Projects, Supreme Industries, SBI

Sushil Finance on JMC Projects - Target Rs 260

Sushil Finance has recommended a buy rating on JMC Projects with a revised price target of Rs 260 in its report.

"After incorporating its FY09’s performance and based on our interaction with the management, we have revised our FY2010 numbers and introduce our FY2011 estimates. We expect the company to deliver EPS of Rs 19.5 and Rs 26 in FY10 & FY11 respectively (on expanded equity post the proposed rights issue). We retain our “BUY” rating on the stock with a revised price target of Rs 260 (10x FY11E EPS)," says Sushil Finance research report.


Sushil Finance on Supreme Industries - Target Rs 395

Sushil Finance has maintained its buy rating on Supreme Industries with a target price of Rs 395 in its report.

"Supreme Industries, SIL has delivered strong business growth & is well on its way to deliver strong growth in the coming years. After incorporating its FY09’s performance and based on our interaction with the management, we have revised our FY2010 numbers and introduce our FY2011 estimates. We now expect its FY2010 & FY2011 EPS to be Rs 40 & Rs.46 respectively. We retain ‘BUY’ rating on the stock with an increased target price of Rs 395 (8x its FY10E Earnings plus value of Andheri property at Rs. 75 per share)," says Sushil Finance's research report.

KRChoksey on SBI - Target Rs 2054

KRChoksey has maintained its buy rating on State Bank of India (SBI) with a price target of Rs 2054 in its report.

"With its surplus liquidity and balance sheet size, we believe SBI will be a major beneficiary of pickup in credit demand. SBI’s non banking subsidiaries (SBI Capital Markets, SBI Mutual Fund and SBI Life Insurance) will benefit from uptick in capital markets and corporate activity. We maintain a Buy on SBI with a target of Rs 2054, giving an upside potential of 12% from the current levels," says KRChoksey's report.