Tata Consultancy Services
Angel broking is bullish on the TCS stock after the recent analyst meet held by the company.
"The management commentary sounded promising and hardly reflected any impact from a daunting macro environment. We expect TCS to again outperform its peers in 3QFY2013 in terms of growth. TCS' execution has been good over the past many quarters and its stock is currently trading at 17.3x and 15.8x its FY2013E and FY2014E EPS of Rs 69.7 and Rs 76.2, respectively. We continue to remain positive on the stock and maintain our Buy rating on the stock with a target price of Rs 1,410," says Angel Broking research report.
Prabhudas Lilladhar is bullish on Oil India and has recommended a buy rating on the stock. The research firm has set a target of Rs 557 on the stock.
"OINL is currently at the lowest point in terms of 1-yr forward PE (7.1x) and 4.8x core earnings, coupled with a dividend yield of ~4.4%, offering an attractive risk-reward at the current price. Our DCF based valuation (long term net realization ~US$60/ bbl) throws up Rs239/ share value of the company's proved reserves, implying the market is ascribing zero value to probable (p2-p1) reserves and valuing cash plus investments at ~0.9x book, reflecting the distressed scenario being discounted in the CMP. Given the extremely attractive risk reward at the current market price, we upgrade the stock from 'Accumulate' to 'BUY', offering ~25% upside from the current levels (TP Rs 557). We have shifted our valuation method from PE to a combination of DCF, PE and EV/EBITDA," says Prabhudas Lilladher research report.