Buy Karuturi Networks

Religare research report has maintained buy rating on Karuturi Global with target price of Rs 35 in its June 19 report.
"International cut flower market valued at USD 64 billion; expected to grow at 10–12% CAGR. Roses command largest share of industry turnover at 70% with Europe being the biggest cut flower market, accounting for 50% of global consumption. Cut flower cultivation shifting to developing countries like Kenya, Ethiopia and India due to favourable cost and climate conditions.
Karuturi Global is the world's largest producer of roses, cultivating 585 million stems per annum. Boasts over a decade of experience in rose cultivation with operations in Ethiopia, Kenya and India. Strategic foothold in Ethiopia and Kenya would enable the company to cater to burgeoning demand from Europe and augment its global market share.
At the current level the stock is quoting at 7.4x and 5.5x its FY09E and FY10E earnings respectively. We have assigned the stock a P/E multiple of 8x as we expect a re-rating due to its premium positioning in the industry as well as its recent foray into food processing. We have a target price of Rs 35. Buy" according to Religare report.

LVMH wins compensation from eBay

PARIS (Reuters) - A French court ordered eBay to pay 38.6 million euros (30.6 million pounds) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.

Monday's decision, a month after eBay was ordered by another French court to pay handbag maker Hermes 20,000 euros for allowing the sale of counterfeits, is the latest episode in a long fight between luxury goods makers and the world's biggest online auctioneer.

"We will fight all these decisions in the name of eBay users, and we have decided to appeal," eBay said in a statement.

"If counterfeit goods are put up for sale on our site, we scrap them as soon as possible," it said.

EBay accused LVMH of having a hidden agenda.

"Today's decisions are not about fighting counterfeiting. It's about LVMH's desire to protect commercial practices that exclude all competition," it said.

LVMH claimed damages of about 50 million euros because it said eBay's French arm had not done enough to prevent sales of counterfeit items.

Monday's ruling decided separate cases by several different LVMH brands -- LVMH and Dior Couture as well as perfume brands Dior, Guerlain, Givenchy and Kenzo.

Source: GOogle news

Chambal Fertilisers

Technical Analyst, Rajat K Bose is of the view that Chambal Fertiliser may test Rs 104-105.

Bose told CNBC-TV18, "Chambal Fertiliser has been maintaining its uptrend since the lows of 18th March after that it has never looked back although corrections did happen. As of now if it were to maintain above the recent high around Rs 97 then one can expect Rs 104-105 but there is strong resistance between Rs 110-115. I suggest booking some profit there and for corrective stop, I would mention the level of Rs 85 below that one should book profits and get out."

Source: MoneyControl

Mercator Lines

Mercator lines is a good stock and is currently trading at Rs 92.50. ULJK Securities has also recommended this stock and has given a price target of Rs 152.

NIIT Technologies

PINC Research has put a buy rating on NIIT Technologies for a price target of Rs 183. CMP of this stock is Rs 132. Personally I think this is a good stock to buy for longterm.

KSK Energy

As per Keynote Capitals recommendation you can subscribe to KSK Energy Verntures IPO with a long term view. The company has come out with an IPO of 34.61 million shares of Rs 10 each, aggregating Rs 883 crore, in the price band of Rs 240-255 per share.

As per Keynote’s valuation exercise, the IPO is priced at Rs 2.5 crore per MW (considering only existing projects and projects under construction / development) which looks expensive vis-à-vis established peers like NTPC which trades at Rs 2.1 crore per MW and Tata Power at Rs 2.3 crore per MW.

S P Tulisan

S P Tulsian has give an investment tip on D-Link, a telecommunications company with presence in over 100 countires. Current market price is Rs 80 and the downside risk is minimal in this stock. Should reach a 3 digit mark in next 8-10 months so seems like a good buy.