Motilal Oswal is bullish on ICICI Bank and has recommended buy rating on the stock with a target price of Rs 1400 in its January 17, 2013 research report.
"ICICI Bank (ICICIBC) is expected to deliver EPS CAGR of 23%+ over FY12-15E, on a higher base of 25%+ over FY10-12, driving up the core RoE from ~10% in FY10 to 17%+ in FY15E. Importantly, the Tier 1 would remain strong at 10%+ at end-FY15. With a market share of 4.2% in the domestic loans and largest branch network in the private financials, above industry growth and favorable margins will drive earnings.
Ventura has recommended hold rating on Bajaj Auto in its January 17, 2013 research report.
"Bajaj Auto management expects the volume growth to remain subdued over the coming months for the industry as a whole. However, the company is expected to gain market share (~32% in Q3FY13) primarily led by the success of Discover 125 ST and pan India launch of Discover 100T.
Guj Ambuja Exports:
Sunidhi Securities is bullish on Gujarat Ambuja Exports and has recommended buy rating on the stock with a target of Rs 40 in its January 18, 2013 research report.
"Incorporated in 1991, GAEL is principally involved in agro-processing & trading and has focused on exports, competing in the gobal market. Its business segments are agro-processing, which accounted for 68% of total revenues in FY12, cotton yarn (10%), maize processing (21%) and windmills (1%).
KRChoksey is bullish on IL&FS Transportation Network and has recommended buy rating on the stock with a target price of Rs 282 in its January 18, 2013 research report.
"IL&FS Transportation Network (BO.ILFT) is the largest developer, operator and investor of surface transportation infrastructure projects in India. We expect revenue CAGR of 15% over the period of FY11-15E primarily led by increase in Construction and Fee income.
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