Stock views on Punj Lloyd, United Phosphorous, Maruti Suzuki India

Motilal Oswal on Maruti Suzuki India - Target Rs 1655

Motilal Oswal has maintained its buy rating on Maruti Suzuki India with a target price of Rs 1655 in its research report.

"We are upgrading our EPS estimates by 10% to Rs 73.2 for FY10 and by 7.3% to Rs 82.7 for FY11 to factor in stronger sales momentum and a stronger Rupee against the Yen. The stock trades at 19.3x FY10E and 17.1x FY11E EPS. Maintain 'Buy' with target price of Rs 1,655 (20x FY11E EPS)," says Motilal Oswal's research report.


Sharekhan on United Phosphorous - Target Rs 225

Sharekhan has recommended a buy rating on United Phosphorous with a target price of Rs 225 in its research report.

"United Phosphorous Ltd (UPL)’s diversified product portfolio, strong distribution network and presence across geographies make it a good investment play in the agrochemical space. We initiate coverage on UPL with a 'Buy' recommendation. We arrive at a price target of Rs 225 after valuing the company at 8.5x its FY2011E EV/EBITDA, which is at 10% discount to its historical average," says Sharekhan's research report.


ULJK Securities on Punj Lloyd - Target Rs 316.5

ULJK Securities has recommended a buy rating on Punj Lloyd with a target price of Rs 316.5 in its research report.

"The revenue of the company is likely to grow at a CAGR of 13% by FY11. The EBITDA and the Net Income margins are also likely to improve by more than 125 bps and will increase the profitability. The increase in revenue and margins will boost the bottom line which is likely to grow at a CAGR of more than 35% by FY11. The stock is currently trading at a P/E of 15xFY11 earnings ad P/B of 2.25xFY11 book value. The stock is looking attractive at current levels and we recommend a buy with a target price of Rs 316.5," says ULJK Securities' research report.