Stock views on Lupin, Adhunik Metaliks, Mahindra and Mahindra

Hem Securities on Mahindra and Mahindra - Target Rs 1360

 

Hem Securities is bullish on Mahindra & Mahindra and has recommended buy rating on the stock with a target of Rs 1360, in its research report.

"Mahindra & Mahindra has posted good results and is on the positive track. The tractor sales are expected to increase in the coming months as the production is going to increase. This will increase the demand and in turn will increase the sales of the company. Company's market share has been increasing from 44.70%, a year ago to 55.60% till the month of December, 2009. Exports by the company have seen a tremendous jump. Presently the company is running at a P/E multiple of 15.85x to its TTM (trailing twelve months) EPS of Rs 70.86. We recommend BUY on the stock with a medium-term time horizon with a price target of Rs 1,360," says Hem Securities research report.

 

 

Sunidhi Securities on Adhunik Metaliks - Target Rs 150

 

Sunidhi Securities & Finance has initiated a buy rating on Adhunik Metaliks with a price target of Rs 150 in its research report.

"Adhunik Metaliks is likely to post an EPS of Rs 11.5 in FY10 and Rs 16.0 in FY11. At the CMP of Rs 116, the share is trading at a P/E of 10.1x on FY10E and 7.3x on FY11E. We recommend BUY with a target of Rs 145 in the medium term. After a clear uptrend beginning from early-March to Aug' 09, the stock is in a sideways consolidation phase. The stock is expected to resume its uptrend after the breach of the important resistance zone of 126-128. A breach of this resistance zone should take the stock upwards to a minimum price target of Rs 150." says Sunidhi research report.

 

India Infoline  on Lupin - Target Rs 1650

 

India Infoline is bullish on Lupin and has recommended buy rating on the stock with a target of Rs 1650, in its research report.

"On the daily chart, Lupin has given an upside breakout, considered to be an important bullish signal. Last few sessions for the stock has been characterized by a sustain downtrend. However, the stock has managed to find support around the levels of Rs 1,447. On Monday, it staged a rally, closing well above day's open. The stock price has corrected from a recent peak of Rs 1,610 during February 2010 to a low of Rs 1,447. Since then, the stock has moved along with the support of its trendline. With other oscillators suggesting a positive formation, we expect the upside to continue. We recommend traders to buy the stock at current levels and on decline to levels of Rs 1580 for a short term target of Rs 1650. It is advisable to maintain a stop loss of Rs 1565," says India Infoline research report.