Firstcall Research is bullish on Oil and Natural Gas Corporation (ONGC) and has recommended buy rating on the stock with a target price of Rs 358 in its February 26, 2013 research report.
"Oil and Natural Gas Corporation engages in the exploration, development, production, and refining of oil and gas in India and internationally. ONGC has posted a net profit of Rs. 55627.20 million for the quarter ended December 31, 2012 as compared to Rs. 67414.10 million for the quarter ended December 31, 2011. Total Income has rose from Rs. 194753.00 million for the quarter ended December 31, 2011 to Rs. 223743.80 million for the quarter ended December 31, 2012
Emkay Global Financial Services has recommended hold rating on Ranbaxy Laboratories with a target price of Rs 400, in its February 26, 2013 research report.
Q4CY12 Results Revenues at Rs27bn (down 28% YoY), EBITDA at Rs 529mn (down 97%) & Net loss at Rs4.9bn. EBITDA margins were at 2% on back of 400bps impact due to contraction in gross margins and 600 bps due to increase in other expenses on back of consent decree related remedial expenses, restructuring expenses & increase in R&D exp.
Firstcall Research is bullish on Reliance Industries (RIL) and has recommended buy rating on the stock with a target price of Rs 931 in its February 26, 2013 research report.
"RIL is India's largest private sector company on all major financial parameters with a turnover of INR 3397920 millions. BP and RIL are planning to invest in a series of projects to develop around 4 trillion cubic feet of discovered natural gas resources from the KG D6 block. RIL and Petroleos de Venezuela, SA (PDVSA) signed a 15 year heavy crude oil supply contract. RIL has signed a $ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland AG.
FinQuest Securities is bullish on Tata Motors and has recommended buy rating on the stock with a target price of Rs 362 in its February 27, 2013 research report.
"Tata Motors, prior to Q3FY13 results JLR lowered its margin guidance which created a big sell off in Tata Motors Limited's (TML) stock. However, JLR margins at 14% weren't as bad as anticipated. On the contrary we should panic from the margins that standalone business reported in Q3FY13 which posted a loss of Rs 4.58bn.
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