Sunidhi has put a buy rating on Karnataka Bank with a price target of Rs 120 in its recent research report.
"At the CMP of Rs 75, the share is trading at P/E of 3.4x and P/ABV of 0.6x on FY14E and a P/E of 3.0x and P/ABV of 0.5x on FY15E. We recommend buy with a target price of Rs 120 in the medium-to-long term," the firm has stated.
Larsen and Toubro
Motilal Oswal is bullish on Larsen and Toubro and has recommended buying the stock with a price target of Rs 1000.
"We are cutting estimates 9 percent/4 percent respectively for FY14/15 to factor in constrained revenues for toll road projects, manufacturing businesses, etc.
Maintain Buy, with revised SOTP based price target of INR1,000/sh. L&T remains amongst our top picks in Indian Capital goods sector. Buy the stock for target price of Rs 1000," says Motilal Oswal research report.
Motilal Oswal has recommended a buy on the HDFC stock with a price target of Rs 890.
"Stable spreads across interest rate cycles, impeccable asset quality track record and single digit cost to income ratio shall ensure superior core lending business RoA of 2.4-2.5% and RoE of 26%+. We expect HDFC to report core EPS of INR31/37 in FY14E/15E (FY13-15E EPS CAGR of ~18% on a base of 15% over FY08-13). The Adjusted Book Value (adj. for investments in subsidiaries) would be INR128/148 in FY14E/15E. The stock trades at a core PE of 13/9.8x FY14E/15E (24% lower compared with its historical average of 17-18x)," the firm has stated.