Latest News
-
IndiGo to Expand Fleet with Up to 100 Airbus A350 Wide-Body Aircraft -
Dimapur Businesses Announce Shutdown Over Rampant Illegal Taxation -
ICEA Proposes Semiconductor Design, Manufacturing as India's Strategic Sector -
RBI Mandates Gurugram's TalkCharge to Refund PPI Wallet Funds -
Vedanta Reports 27% Decline in Q4 Net Profit Amid Tuticorin Impairment -
IndusInd Bank Q4 Results: PAT Soars 15% To Rs 2,349 Cr, NII Climbs 15%; 165% Dividend Declared -
Telecom Body COAI Advocates for Revenue Sharing with Traffic-Heavy Apps -
Tech Mahindra Q4 Results: Cons PAT Declines 41% YoY To Rs 661 Crore; Exits FY24 In Red -
1:5 Split Soon: Multibagger PSU Bank To Consider Dividend Too, Buy For TP Rs 650: Motilal Oswal -
Gold Price In US: Yellow Metal Rates Hold Steady Amidst Easing Middle East Tensions; GDP Data Awaited
A few “buy” ideas from top brokerage firms
Brokerage firm Nirmal Bang puts a “buy” on Dena Bank
Nirmal Bang has set a price target of Rs 118 for the stock of Dena Bank, as against Friday's close of Rs 84.75 on the BSE.
“Comparatively stable NIMs, strengthening of core fee income, stable asset quality and operational efficiency are likely to boost Dena Bank’s core operating performance which in turn will help the bank to register stable return ratios going forward. We continue to remain positive on the stock at current levels.
Dena Bank is currently trading at a very attractive valuation amongst the banking business space. At CMP, it is trading at a PE of 3.24x of FY13E EPS and at an adjusted P/BV of 0.65x FY13E Adj BV. We maintain our BUY rating on the stock with a target price of Rs 118,” Nirmal Bang has stated in its latest report on Dena Bank.
Angel Broking puts a “buy” call on IL&FS Transportation Networks
Angel Broking has set a price target of Rs 265 on the IL&FS Transportation Networks stock. During the quarter, ITNL bagged road BOT projects worth Rs 4,948crore, taking its order book to Rs 12,057crore (OB of 4.3x FY2012 standalone revenue), thus putting the concern on order inflow to rest. Hence, going ahead, the company would focus on the execution of these projects. We have valued ITNL on an SOTP basis by assigning 5.0x EV/EBITDA to its standalone business and have valued its investments on DCF/Mcap/BV basis on FY2014E to arrive at a target price of 265/share. Hence, we maintain our Buy view on the stock,” the broking firm has stated in its latest report on IL&FS.
PINC Research puts a “buy” call on CESC
PINC Research has put a “buy” call on CESC with a price target of Rs 350. “CESC’s Q4FY12 PAT of Rs2.7bn was ahead of our estimate of Rs2.0bn. This was primarily due to 13.3% tariff hike undertaken during the end of the quarter with retrospective effect. CESC
accounted for under-recoveries of the previous quarters during Q4FY12. Earnings were also boosted by increased RoE. Performance of its retail venture continued to improve with avg realisations rising by 7.4% YoY during FY12 to Rs1,060/sq ft/month against Rs987/sq ft/month in FY11. Maintain BUY with a target price of Rs350/share,” the Brokerage firm has stated.
GoodReturns.in
(Disclaimer: The views expressed in this article are those of the author and may not reflect those of Greynium Information Technologies Pvt Ltd, its subsidiaries and associates. The author has made every effort to ensure accuracy of information provided; however, neither Greynium Information Technologies Pvt Ltd, its subsidiaries and associates, nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to buy, sell in precious metal products, commodities, securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.)
