Stock views on Hikal, HCL Technologies, UltraTech Cement

Sunidhi Securities on Hikal - Target Rs 400

Sunidhi Securities & Finance has recommended a buy rating on Hikal with a target price of Rs 400 in its research report.

"Hikal is committed to creating a world class, customer focused, innovative organisation and becoming partner of choice to the life science industry. In its long association, Hikal is supplying agro chemicals and intermediates to the top four global agro- and fine-chemical players such as Pfizer, Syngenta, Bayer and Degussa. The pharma division is now expecting stupendous growth and is very optimistic about contract research and manufacturing services (CRAMS). Hikal wants to establish itself as among the top companies in the world in the CRAMS business. We recommend 'BUY' with a target price of Rs 400 in the medium term, says Sunidhi Securities & Finance's research report.


Anand Rathi on HCL Tech - Target Rs 375

Anand Rathi Securities has maintained its buy rating on HCL Technologies with a target price of Rs 375 in its research report.

"HCL Tech’s US$-revenue grew 7.6%, margin was up 82bps and profit up 52% sequentially. Pricing strength and IMS growth were surprising. The BPO business turned around from the negative to positive growth zone. We maintain our target multiple of 15x average FY11e earnings of Rs25, thus raising our target price to Rs 375. We maintain our Buy rating. In the past, the stock has traded at a 28% discount to Infosys," says Anand Rathi Securities' research report.

Sharekhan on UltraTech Cement - Target Rs 850

Sharekhan has maintained its buy rating on UltraTech Cement with a target price of Rs 850 in its research report.

"Despite the overall slowdown in the economy the revenue of the company on a stand-alone basis grew by an impressive 16% in FY2009. The strong revenue growth was achieved on the back of capacity addition ahead of peers and a revival in the cement demand in the second half of the fiscal year. We maintain our 'Buy' recommendation on the stock with a price target of Rs 850 (valued at EV/tonne of USD87)," says Sharekhan's research report.