Chambal Fertilisers

Firstcall Research has put a buy call on Chambal Fertilisers with a price of Rs 84.

"At the current market price of Rs.74.00, the stock P/E ratio is at 11.04 x FY13E and 9.88 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.6.70 and Rs. 7.49 respectively. Net Sales and Operating Profit of the company are expected to grow at a CAGR of 21% and 13% over011 to 2014E respectively.

On the basis of EV/EBITDA, the stock trades at 5.96 x for FY13E and 5.56 x for FY14E.
Price to Book Value of the stock is expected to be at 1.50 x and 1.30 x respectively for FY13E and FY14E, the company has stated in its research report.

Hindalco Industries

Motilal Oswal is bullish on Hindalco Industries and has recommended buy rating on the stock with a target of Rs 161 in its recent research report.

"We expect Hindalco's consolidated EBITDA to increase 14% YoY to INR100.8b in FY14 driven by (1) 28% growth in primary aluminum production to 700kt and 36% growth in alumina production to 1.9mt in India, and (2) 6% growth in volume at Novelis. FY14 EPS growth, however, will be lower at 9% to INR20.6 due to higher interest and depreciation charge," the company has stated in its research report.

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