Stock views on Aventis Pharma, Indraprastha Gas, Alstom Projects

Karvy Stock Broking on Aventis Pharma - Target Rs 1770

Karvy Stock Broking has recommended outperformer rating on Aventis Pharma with a target of Rs 1770, in its research report.

“Aventis Pharma’s domestic formulations business (ex- Rabipur) has been growing by 14 % plus for the nine month period while exports has had a blip in the last quarter. We maintain our earnings but upgrade our multiple on account of current re- rating in the sector from 16.5x to 17x and value our core price target at Rs 1427 and add cash per share of Rs 342 per share and arrive at a price target of Rs 1770. On account of the upgrade in price target by 2.5 % we upgrade our rating in the stock to Outperformer, says Karvy Stock Broking research report.


IndiaInfoline on Indraprastha Gas - Target Rs 203

IndiaInfoline is bullish on Indraprastha Gas and has recommended buy rating on the stock with a target of Rs 203, in its research report.

"Indraprastha Gas has seen impressive volume in yesterday’s trading session and appears to have taken support between Rs 175-177 range. It could bounce till somewhere between Rs198-200 levels in the near term. The bullish formation is confirmed after the stock gave a close above its short-term moving averages with positive divergences in momentum oscillators. Any move above Rs190 could take the stock towards Rs 200 and higher in the short-term. Traders are advised to maintain a stop loss of Rs181 and go long. Book partial profit around Rs198 and exit around the levels of Rs 203, says IndiaInfoline research report.

IndiaInfoline on Alstom Projects - Target Rs 610

IndiaInfoline is bullish on Alstom Projects and has recommended buy rating on the stock with a target of Rs 610, in its research report.

"Alstom Projects (APIL) has displayed strength in last few trading sessions prior to Friday, trading in a narrow range amid volatility in the market. The stock had been consolidating in a range between the levels of Rs 521-560 from last four weeks. On Friday, the stock broke-out from the upper-end of this trading range. Moreover, on the daily chart, the stock has formed a Bullish Candlestick suggesting upside from the current levels. The daily RSI is already in strong buy mode. The stock has closed above all its key daily moving averages. A move past the levels of Rs 580-585 could take the stock towards the levels of Rs 605-610 in the short-term. Keeping in mind the above-mentioned evidences, we recommend high risk traders to buy the stock between the range of Rs 571-581 with a stop loss of Rs 561 for a target of Rs 610," says IndiaInfoline research report.