Bonanza views on Jagran Prakashan, NHPC

Bonanza on Jagran Prakashan - Target Rs 120-122

Bonanza research is bullish on Jagran Prakashan and has recommended buy rating on the stock with a target of Rs 120-122, in its research report.

“Jagran Prakashan, JPL is among the largest print media houses in India. Its flagship brand Dainik Jagran is the largest circulation newspaper in India. The scrip is at discount to the recently concluded IPO of peer DB Corp. It is likely to show an EPS of Rs 7 per share in FY10. At CMP, it trades at 17 PE on FY10 estimates. Investors may BUY in Rs 120-122 range for a target of Rs 140 i.e. 20 PE on FY10 estimates,” says Bonanza research report.

Bonanza on NHPC - Target Rs 38

Bonanza research has recommended buy rating on NHPC with a medium term target of Rs 38, in its research report.

“NHPC is India’s largest Hydro Power Company. It is adding capacities at regular intervals. If Govt allows it to sell power on merchant basis, its earnings can grow substantially. In the present scenario, we expect NHPC to report a consolidated EPS of Rs 1.2/Share. Its Consolidated Cash EPS is likely to be Rs 2/Share. At CMP, it trades at PE of 17.8 and Cash PE of 14. The scrip had fallen sharply from its issue price of Rs 36. Share may face stiff resistance at Rs.36. The scrip is expected to appreciate steadily over a period. Long term investors may buy around current levels, for a mid term target of Rs 38,” says Bonanza research report.