Stock views on Cambridge Solutions, IndusInd Bank, Bank of Baroda

IndiaInfoline on Cambridge Solutions - Target Rs 104

IndiaInfoline is bullish on Cambridge Solutions and has recommended buy rating on the stock with a target of Rs 104, in its research report.

"Cambridge Solutions has shown impressive strength on Tuesday’s. The bullish formation is confirmed after the stock gave a positive close (up 9%) despite a sell off in broader indices. In addition, momentum indicators like RSI are exhibiting strong divergence. We recommend traders with high risk appetite to buy the stock in the range of Rs 94-97 for a short term target of Rs 104. A stop loss of Rs 92 should be maintained on all long positions," says IndiaInfoline research report.

IndiaInfoline on IndusInd Bank - Target Rs 160

IndiaInfoline is bullish on IndusInd Bank and has recommended buy rating on ths stock with a target of Rs 160, in its research report.

"On the weekly chart, IndusInd Bank has crossed over its previous high of Rs 135 recorded during December 2007. Since past few weeks, the stock was moving in a range of Rs 120-135. During the current week, the stock made an attempt to break out from the top of the above trading range. Moreover, cluster of moving averages are proving good support to the stock at current levels. We expect the stock to stage a smart rally in the near term. Traders can buy the stock with a strict stop loss of Rs 134 for a target of Rs 152. Medium term traders can hold onto the stock for a target of Rs 160+,"says IndiaInfoline research report.

Networth Capital on Bank of Baroda - Target Rs 606

Networth Capital has recommended buy rating on Bank of Baroda with a target of Rs 606.

"Bank of Baroda (BOB) has been steadily repositioning and consolidating its business position within PSU banking space, re-gaining its lost market share. Bank has doubled its business with improved asset quality and profitability during past 3 years, taking the advantage of last economic cycle and is now bracing for next leg of growth. As a strategy, bank is focusing on branch expansion (particularly in south), improving CASA ratio, NIM’s, better operating efficiency and chase qualitative business growth, which should put the India’s international bank (BOB) in an advantageous position."

"BOB offers a conservative but consistent PSU bank with improved fundamentals and a strong international character. After recent re-rating, stock is currently trading at 1.5xFY10E and 1.3xFY11E Adj BV. We value BOB’s core banking business assigning a P/adj BV of 1.5x on FY11E adj.BV and stake in UTI MF at about Rs20 per share to arrive at a target price of Rs 606. Our target price provides an upside of 19% from current levels and hence recommend a Buy on the stock," says Networth Capital.