Analyst and Brokerage Views - 01/10/2008

Bank of Rajasthan can touch Rs 70-72: E Mathew

E Mathew told CNBC-TV18, "The chart of Bank of Rajasthan is not looking as encouraging as that of Axis Bank but yes, there is still headroom here. In fact Bank of Rajasthan when you look at it it’s a low-priced scrip, there is headroom upto Rs 70-72 which percentagewise works out to a very decent return."

Intact Uptrend in Axis Bank, says E Mathew

Technical Analyst, E Mathew is of the view that uptrend in Axis Bank is very much intact. As soon as the dust settles down in the market, this is certainly going to be an outperformer, he added.

Above Rs 110, Moser Baer has target of Rs 137: Mathew

Technical Analyst, E Mathew is of the view that above Rs 110, Moser Baer has target of Rs 137. It is also good for trading bet or even a very short-term investment call, he further said.

Buy ICICI Bank at Rs 500: Vijay

Vijay told CNBC-TV18, "I will buy ICICI Bank at Rs 500. I think its been driven by humongous set of room among us for last 20 days; first, insider selling and then questioning the provisions made and repeatedly the management has been saying, this is rubbish. I respect the ICICI Bank management, I think they do not tell lies, they are professionally run bank and if I believe what they said I think at Rs 500 it’s a screaming buy.”



Add ICICI Bank, target of Rs 650: Kotak Institution

Kotak Institution has maintained its add rating on ICICI Bank with a target price of Rs 650, reports CNBC-TV18.

Accumulate HCL Tech, target of Rs 258: P Lilladher

Buy ratng on HCL Technologies with a 12-month target of Rs 258 in its September 29, 2008 research report.

Buy Lupin, target of Rs 933: Motilal Oswal

We believe that the stock has the potential of getting rerated given the differentiated business model of the company. If the current INR v/s the USD rate sustains (@ Rs 46/USD), we expect an upside to our estimates. We reiterate Buy with a price target of Rs 933 (28% upside).