Prabhudas Lilladher is bullish on IndusInd Bank and has recommended buy rating on the stock with a target price of Rs 500 in its April 18, 2013 research report.
IIB delivered strong Q4FY13 PAT of Rs3.07bn, up 37 percent YoY, with higher margin expansion driving the profit beat. Operating metrics continue to remain strong and Q4FY13 NPA performance/stable management guidance does address some concerns on the CV book. We expect ROEs to leverage back to ~18 percent by FY15 and with timely delivery on all fundamental drivers, we maintain our positive view though valuations at 2.7x FY14 book is not undemanding anymore.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy BHEL.
Sukhani told CNBC-TV18, "Buy BHEL when it was just coming towards earlier low. Now, a small double bottom pattern is confirmed. So BHEL is giving us a fairly decent basing pattern. We want to buy it, it broke out last week and that should continue and momentum should be on the upside."
AnandRathi has recommended hold rating on Tata Consultancy Services (TCS) with a target of Rs 1450, in its April 18, 2013 research report.
"TCS posted revenue of US USD3,040m (+3.1 percentqoq; +14.8 percentyoy). Revenue in INR terms was at Rs 164.4bn (+2.3 percentqoq; +24 percentyoy), in line with our expectations. Revenue growth was led by volume growth of 4.4 percent, while cross-currency movement impacted it by 1.8 percent. Other income of Rs 4.4bn (we expected Rs 2.3bn) helped the company register PAT of Rs 35.97bn (+1.3 percentqoq; +22.7 percentyoy) against our expectation of Rs 35.40bn.
Nirmal Bang has recommended hold rating on Yes Bank with a target of Rs 576, in its April 18, 2013 research report.
"Yes Bank reported good results yet again broadly in line with estimates. The bank reported PAT of Rs.362 cr in Q4FY13 resulting in a growth of 5.8 percent QoQ and 33.2 percent YoY. For FY13, PAT stood at Rs 1,301 cr up 33.1 percent."
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