Stock views on Bharti Airtel, Triveni Engineering, VST Tillers, Time Technoplast

Anand Rathi on Bharti Airtel - Target of Rs 850

Anand Rathi Securities has initiated a buy rating on Bharti Airtel with a target price of Rs 850 in its November 22, 2008 research report. "We believe Bharti offers a rare combination of high quality, solid and visible earnings growth at attractive valuations. The company is best placed to ride regulatory bumps, thanks to its superior scale and strong balance sheet. We initiate with a Buy and Sep ’09 target price of Rs 850," says Anand Rathi's research report.

PINC Research on Time Techno - Target of Rs 50

PINC Research has maintained its buy rating on Time Technoplast with a target of Rs 50 in its November 21, 2008 research report. "We have moderated our outlook primarily due to the deteriorating economic conditions. Even though feedstock prices continue to ease, we believe the bigger threat to earnings is from lower offtake from the auto sector. We remain confident of the company’s ability to sustain margins in the 19-20% band and maintain our ‘BUY’ recommendation, but have revised downwards our price target to Rs 50 to reflect the lower earnings," says PINC's research report.

PINC Research on Triveni Engineering - Target of Rs 45

PINC Research has upgraded its rating on Triveni Engineering to buy with a target of Rs 45 in its November 21, 2008 research report. "Triveni Engineering and Industries Ltd. (TEIL) reported a YoY growth of 41% in net sales to Rs 4.3 billion for Q4FY08. Net profits surged by 5.4x to Rs 270 million. Although we expect the profitability to be impacted by higher cane price, we believe the same would be partially compensated by liquidation of low cost sugar of SS 07-08 and better distillery product prices. Hence, we upgrade our recommendation to ‘BUY’ with a price target of Rs 45 (valuing at 6.5x) on a one year investment perspective," says PINC's research report.

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.

Stock Views on Sun TV, Kesoram Industries, VST Tillers

LKP Shares on VST Tillers - Target of Rs 175
LKP Shares has recommended a buy rating on VST Tillers Tractors, with 6-month price target of Rs 175, in its report dated November 1, 2008. "Given the robust free cash generation VSTT would have a book value of Rs 150 this fiscal, market capitalization which is a fourth of its revenues and the stock trading at 3xFY'09E earnings with a dividend yield of 4% offers good value for investors and we recommend a BUY with a six month price target of Rs 175," says LKP Shares' report.

SKP Securities on Kesoram Industries - Target of Rs 666

SKP Securities has a buy rating on Kesoram Industries with a target price of Rs 666 in its November 6, 2008 research report. "Net sales were up by 32.77% to Rs. 889.56 crores in Q2FY09 over Q2FY08. Considering the supply glut in the cement industry and discounting the external economic environment, we are reducing our target price. We recommend a BUY on the stock with a target price of Rs 666 at 5 x FY10E earnings," says SKP Securities' research report.

KRChoksey on Sun TV - Target of Rs 220

KRChoksey Research has recommended a buy rating on Sun TV Network with a target price of Rs 220 in its November 11, 2008 research report. "On Y-o-Y basis, advertising revenue (including radio business) and broadcast fee (Time slot model) grew 30% to Rs 136.0 crore and Rs 39.0 respectively. We recommend a BUY with a target price of Rs 220 representing an upside potential of 37% from current levels. At target price, the stock valued at 19.6x FY09E EPS of Rs 11.2," says KRChoksey'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.