Buy Balrampur Chini, target of Rs 148: Sharekhan

Sharekhan has maintained its buy rating on Balrampur Chini Mills with a target price of Rs 148 in its September 14, 2009 research report.

"We believe that the two-year (FY2010 and FY2011) scenario for sugar companies in India is strong with the domestic and global sugar industries experiencing a deficit. Thus, sugar prices are likely to remain high leading to hefty profits for these companies. The key risk to sugar prices though is the continuous intervention by the government. We maintain our 'Buy' recommendation on the stock with a price target of Rs 148," says Sharekhan's research report.

Source: Moneycontrol

Buy Bajaj Hindusthan, target of Rs 246: Karvy

Karvy Stock Broking has recommended a buy rating on Bajaj Hindusthan with a target price of Rs 246 in its September 15, 2009 research report.

"We are revising our rating on Bajaj Hindusthan from 'Outperformer' to 'BUY' considering 40% increase in volume growth from recent contract (31 August 2009) for raw sugar import. The company has contracted to import raw sugar of 0.4 mn mt in addition to 0.3 mn contracted earlier on 28 July 2009 for refining during sugar season 2010 (October 2009 to September 2010). Target of Rs 246," says Karvy's research report.

Source: Moneycontrol

Buy Reliance Comm, target of Rs 391: Motilal Oswal

Motilal Oswal has maintained its buy rating on Reliance Communication with a price target of Rs 391 in its report dated September 11, 2009.

"We maintain our price target of Rs 391/sh based on core DCF valuation (ex-incremental tower upside) of Rs 342/sh (12.6% WACC, 4% terminal growth, implied FY11 EV/EBITDA of 6.8x), and Rs 47/sh for the incremental upside from the passive infrastructure business (Rs 2 million/tower). Our DCF valuation for Reliance Infratel (RI) is USD 9 billion or Rs 200/sh of Reliance Communication, of which 40-50% would accrue from external tenancy, Buy," says Motilal Oswal's report.

Source: Moneycontrol

Buy JP Associates, target of Rs 274: Motilal Oswal

Motilal Oswal has maintained its buy rating on Jaiprakash Associates with a target price of Rs 274 in its September 10, 2009 research report.

"We expect JPA to report net profit of Rs 12 billion in FY10 (up 34% YoY) and Rs 10.7 billion in FY11 (down 11% YoY), given lower profitability in cement business. We arrive at revised SOTP-based target price of Rs 274 per share. Our valuations are contingent on successful fund raising in JPVL and power projects attaining milestone based progress, Buy," says Motilal Oswal's research report.

Source: Moneycontrol

Buy HCL Tech, target of Rs 346: Motilal Oswal

Motilal Oswal has recommended a buy rating on HCL Technologies with a target price of Rs 346 in its September 8, 2009 research report.

"On an EV/EBITDA basis the stock is quoting at 8.4x FY10E and 7.6x FY11E. We recommend a Buy with a target price of Rs 346, based on 14x FY11E earnings, implying a discount of 30% to our target multiple for Infosys," says Motilal Oswal's research report.

Source: Moneycontrol

Buy Rei Agro with stoploss of Rs 46: Gujral

One can buy Rei Agro with stoploss of Rs 46, says Technical Analyst, Ashwani Gujral.

Gujral told CNBC-TV18, "REI Agro is at a great price to buy because all the drought concerns everything has now discounted. At Rs 99 that was a sell price, I doubt whether that will come. If one can buy now the current purchase will yield profit, the stop loss is quite close around Rs 46. It could get to targets of Rs 62 and Rs 69. All these people who like to call themselves investors, you need to buy at good price to be an investor. You don’t buy stocks which are in frenzied mode and then hold on for three years thinking you are an investor. So people need to be careful when they buy stock."

Source: MoneyControl

Buy Hindustan Unilever, target of Rs 303: Sharekhan

Sharekhan has upgraded its rating on Hindustan Unilever from hold to buy with a target price of Rs 303 in its September 7, 2009 research report.

"The positive results of the corrective actions implemented by the company at the mass end and the expectations of a better rabi crop would lead to a pick-up in the sales volume of HUL in the coming quarters. These two factors would considerably ease the risk of a poor performance owing to any slackening in rural consumption due to a poor kharif crop, which had been overhang on the stock. Consequently, we upgrade our recommendation from 'Hold' to 'Buy'. We maintain our price target of Rs 303," says Sharekhan's research report.