Nirmal Bang is bullish on Blue Star and has recommended buy rating on the stock with a target of Rs 215 in its January 30, 2013 research report.
"Blue Star, revenue for the quarter was at Rs 599 cr, up 2.5% yoy and 3.5% qoq. EBITDA was Rs 25.4 cr as compared to a loss of 8.8 cr in the year ago quarter and profit of Rs 20.1 cr in the sequential quarter. EBITDA margin improved both on a qoq and yoy basis to 4.2%. Lower other income and lower Interest expenses for the quarter led to PAT of Rs 5.4 cr as compared to a loss of Rs 32.8 cr in Q3FY12 and profit of Rs 7.3 cr in Q2FY13.
Bank of India:
Prabhudas Lilladher is bullish on Bank of India (BOI) and has recommended accumulate rating on the stock with a target price of Rs 380 in its January 28, 2013 research report.
"BOI reported PAT of Rs 8.0bn, which was in line with our expectations, as lower tax made up for the PPOP miss. Asset quality improved, with slippages coming off QoQ but part of the gross NPA improvement was write-off led. Operating metrics remained weak, with margins coming off QoQ v/s an improvement expected and core fee continued to contract
Prabhudas Lilladher is bullish on Bharat Electronics and has recommended buy rating on the stock with a target price of Rs 1433 in its January 28, 2013 research report.
"Bharat Electronics, top-line came in at Rs 14.4bn, up 1% YoY (PLe: Rs 16bn); we believe the lower top-line might be on account of a delay in delivery of few large projects. Execution has been delayed due to issues like delay in procurement of bulk-production clearance in few cases and extended acceptances timeline from customers.
Amara Raja Batteries:
Prabhudas Lilladher is bullish on Amara Raja Batteries (AMRJ) and has recommended accumulate rating on the stock with a target price of Rs 326 in its January 28, 2013 research report.
"Amara Raja Batteries (AMRJ) reported 23.7% YoY growth in its top-line at Rs7.6bn (PLe: Rs7.4bn), mainly led by strong sales in the UPS segment and strong traction in the automotive replacement market. On a sequential basis, top-line improved by ~5.6%, primarily due to a strong traction in the aftermarket sales. EBITDA margins declined by only 40bps QoQ on account of higher cost of lead to 16.0%.
DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.