Stock views on JK Lakshmi Cement, Bartronics India, Zensar Technologies

Angel Broking on JK Lakshmi Cement - Target Rs 145

Angel Broking has recommended a buy rating on JK Lakshmi Cement (JKL) with a target price of Rs 145 in its reports.

"JK Lakshmi Cement, a JK Group company, is an established cement player in North India. The company is increasing its cement as well captive power capacity. Cost savings on account of the decline in input costs, additional captive power and strategic tie up to source power would help the company maintain its margins amidst downturn. At Rs 100, JKL is trading at an EV/tonne of USD 47/tonne on FY2011 capacity, which we believe is attractive. We initiate coverage on the stock, with a 'Buy' recommendation and a target price of Rs 145, "says Angel Broking's research report.

Angel Broking on Bartronics India - Target Rs 235

Angel Broking has recommended a buy rating on Bartronics India with a target of Rs 235 in its report.

"Bartronics India (BIL) enjoys a pre-eminent position in the Indian AIDC segment and has also grown this business globally in countries like Malaysia and the US. The company is also the only Smart Cards manufacturer in India and this segment is expected to surge on demand from the Telecom, Banking and Government sectors."

"The company through bagging the Rs 5,000 crore 'Aapke Dwar' order has also opened up a new avenue for growth in e-governance. We expect BIL to record CAGRs of 39.6% and 34.7% in Top-line and Bottom-line, respectively over FY2009-11E. At the CMP, the stock trades at 3.2x FY2011E EPS. We recommend a 'Buy' on the stock with a target price of Rs 235," says Angel Broking's research report.

Sunidhi Securities on Zensar Tech - Target Rs 175

Sunidhi Securities & Finance has recommended a buy rating on Zensar Technologies with price target of Rs 175 in its report

"Zensar Technologies would be fully committed to the domestic market with its focus on key segments of government, education, media & entertainment, healthcare and logistics in India, launching new offerings and partnerships to service the sectors. Its growth plans for India will build help triple its size in India making this a Rs 100 crore territory in three years from Rs 35 crore at present. We recommend 'BUY' with a target of Rs 175 in the medium term," says Sunidhi Securities & Finance's research report.

Stock Views on VST Tillers, Bartronics India

Sunidhi Securities on VST Tillers - Target of Rs 135
Sunidhi Securities & Finance has recommended a buy rating on VST Tillers Tractors with a target of Rs 135 in its November 21, 2008 research report. "During Q2FY09 OP & NP margins stood at 16.7 and 10% against 13.7 and 7.2% respectively. During H1FY09 OP margin has moved up from 13.1% to 14.6% and net margin surged from 7% to 8.3%. VSTTL expects to continue its progress in establishing a sizeable market share for power tillers in states such as West Bengal, Karnataka, Orissa and Andhra Pradesh during the coming years. This apart, the prospects of exporting power tillers appear to be bright."

"During FY09, sales are expected to go up by 40% to Rs 260 crore and net profit by 45 per cent to Rs 20.9 crore, which would yield an EPS of Rs 36. We recommend BUY with a target of Rs 135 in the medium term. The 52-Week high and the low of the share has been Rs 259/88," says Sunidhi Securities & Finance's research report.

Nirmal Bang on Bartronics India - Target of Rs 155.5

Nirmal Bang has maintained its buy rating on Bartronics India with a revised target price of Rs 155.5 in its November 6, 2008. "Sales witnessed strong growth of 136.9% y-o-y to Rs 160.7 crore in 2Q 09. At current levels the stock looks undervalued and holds strong potential for upside. We reiterate BUY rating on BIL. However, we are revising our target price to Rs 155.5 to factor in the slowdown of the economy in general and anticipated slowdown in the company’s US business," says Nirmal Bang's research report.

Top IT Stock Picks

Dollor is back at Rs 44, so whihc are the top IT picks??

Large Cap

• Infosys


• TCS

Mid Cap

• Rolta


• Mastek

Small Cap

• Tanla Solutions


• Bartronics

Take Your PICK: Part II - MID CAP STOCKS

GSK Consumer (CMP: Rs 620): The company has a leadership position in the malted beverages space, strong set of core brands (Horlicks & Boost) and rich parentage (new launches from global portfolio). These are expected to help GSK sustain robust growth. Moreover, surplus cash and investments of Rs 400 crore coupled with attractive valuations make it one of the best value plays in the consumer domain.

PVR (CMP: Rs 174): The company’s superior management bandwidth, integrated business model and strong set of properties (in terms of location) make it the most preferred play in the movie exhibition space. Moreover, its entry into new allied businesses such as food courts and bowling alleys coupled with recent dilution in its movie production business is likely to lead to re-rating of the stock.

Bartronics India (CMP: Rs 179): The company operates in the automatic identification and data capture (AIDC) solutions segment and is set to leverage the strong growth expected in the retail sector. It is the only smart cards manufacturer in India and this segment is expected to surge on strong demand from the telecom, banking and government sectors. In the wake of strong growth prospects of the company, the stock offers great value.

Jain Irrigation (CMP: Rs 464): The company is a proxy play on the increasing government focus on agriculture and micro irrigation and the booming infrastructure in the country. It would also benefit from the acquisitions it made over the last couple of years, which will be in addition to the company’s organic growth initiatives. Thus, the long-term prospects of the company are robust.

Piramal Healthcare (CMP: Rs 310): The company is an early entrant into the CRAMS space. Over the last couple of years, it has consolidated its presence in the segment, which now contributes 50% of its overall revenues. Considering its robust pipeline, the company is expected to post robust growth in the years to come.

This article is fron the research house of Angel Broking