Nirmal Bang has put a buy rating on Divis Labs with a target of Rs 1276 in its report released yesterday.
"With major capex activity nearing its end, we expect strong free cash flow generation over the next two years (Rs4.9bn versus Rs4.9bn over the past five years), which coupled with strong earnings growth (27% earnings growth likely in FY14E) and expansion in RoE/RoCE by 160bps/220bps, respectively, will support valuation. We have retained our Buy rating on Divis with a target price of Rs 1, 276," says Nirmal Bang research report.
Firstcall Research has put a buy rating on DCW with a price target of Rs 16. "At the current market price of Rs 14, the stock P/E ratio is at 2.52 x FY13E and 2.11 x FY14E respectively. Earnings per share (EPS) of the company for the earnings for FY13E and FY14E are seen at Rs.5.55 and Rs.6.64 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 15% and 69% over 2011 to 2014E respectively. On the basis of EV/EBITDA, the stock trades at 2.47 x for FY13E and 2.20 x for FY14E. Price to Book Value of the stock is expected to be at 0.54 x and 0.43 x respectively for FY13E and FY14E. We expect that the company surplus scenario is likely to continue for the next years, will keep its growth story in the coming quarters also. We recommend ‘BUY' in this particular scrip with a target price of Rs 16 for medium to long term investment," says IIFL research report.
Emkay has put a buy call on SAIL with a target of Rs 70. "Valuations at Rs 63, looks good with 8.2xFY14 EPS and 0.6xFY14 P/ BV; Recommend Subscribe on an absolute basis, while upgrading the sock to Accumulate with TP of Rs 70," the firm has stated.
Firstcall Research has put a buy call on Dhanuka Agritech with a price of Rs 134. "At the current market price of Rs.118.40, the stock P/E ratio is at 9.22 x FY13E and 8.38 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.12.84 and Rs.14.13 respectively. We recommend 'BUY' in this particular scrip with a target price of Rs 134 for Medium to Long term investment," says Firstcall Research report.