Stock views on Jet Airways, Mudra Lifestyle, Sathavahana Ispat

Sunidhi Securities on Sathavahana Ispat - Target Rs 65

 

Sunidhi Securities is bullish on Sathavahana Ispat and has recommended buy rating on the stock with a medium term target of Rs 65, in its research report.

"Sathavahana Ispat is likely to post an EPS of Rs 7.7 in FY10 and Rs 13.9 in FY11. At the CMP of Rs 46, the share is trading at a P/E of 6.0x on FY10E and 3.3x on FY11E. We recommend BUY with a target of Rs 65 in the medium term. The stock is in a clear uptrend as seen in its weekly chart. The upsloping trendline is a good support. RSI indicator is in a sideways trend and an upside movement should take the stock up to Rs 64 in the medium-term. Investors can keep a stop-loss of Rs 40," says Sunidhi Securities research report.

Nirmal Bang on Mudra Lifestyle - Target Rs 65

 

Nirmal Bang is bullish on Mudra Lifestyle and has recommended buy rating on the stock with a target of Rs 65, in its research report.

"We feel Mudra Lifestyle will see volume growth on account of increase in capacity and margin expansion on account of better product mix and leveraging of fixed cost during FY11E. We expect company to report EPS of Rs. 4.2 and 8.7 for FY10E and FY11E respectively. At current price of Rs. 46, the stock is trading at a PE of 11x and 5.3x and P/BV of 0.9x and 0.8x for FY10E and FY11E respectively. The valuation looks attractive and we recommend a "BUY" on the stock with a target price of Rs. 65 per share (PE of 7.5x for FY11E), an upside of 41%," says Nirmal Bang research report.

 

 

India Infoline on  Jet Airways - Target Rs 535

 

India Infoline is bullish on Jet Airways and has recommneded buy rating on the stock with a target of Rs 535, in its research report. 

"Jet Airways consolidated from second week of March 2010 between the range of Rs499-453. On Friday, the stock broke past the top-end of the consolidation phase. The move was supported by strong volumes. Moreover, it has closed above its 100-day DMA after struggling to close above the important moving average since last three weeks. The momentum oscillators like the daily RSI have given a positive divergence, supporting our argument of stock price heading north. We recommend traders to buy the stock between the levels of Rs 509-514 with a stop loss of Rs 500 for a target of Rs 535."