Motilal Oswal has maintained neutral rating on NALCO with a target of Rs 42, in its January 31, 2013 research report.
"Nalco reported EBITDA of INR1.8b, above our estimate of INR980m, as the impact of mine closure on alumina production was lower-than-expected. Adjusted PAT increased to 132% YoY to INR1.2b. Net sales increased 5% QoQ (+17% YoY) to INR16.9b on higher aluminum realization, improved spot premiums and higher alumina sales. Aluminum sales declined 1% QoQ to 100kt, while alumina sales improved 16% QoQ to 221kt.
Motilal Oswal has maintained neutral rating on Colgate Palmolive (India) with a target of Rs 1400, in its January 31, 2013 research report.
"Colgate Palmolive's (CLGT) results for 3QFY13 were below expectations. Sales grew 13.9% to INR7.6b (v/s our est of INR7.8b), EBITDA margin declined 210bp to 19.1% (v/s our est of 21.3%) and adjusted PAT declined 4% to INR1.1b (v/s our est of INR1.3b). Higher than estimated advertising spends led to the lower than expected EBITDA margin."
Sudarshan Sukhani of s2analytics.com advices to buy Titan Industries at lower levels.
Sukhani told CNBC-TV18, "Titan Industries is now a buying opportunity. The big decline in it is over. A small range was a double bottom. That double bottom was confirmed and a breakout has occurred. The problem here is that if the broad market, if the Nifty is going to go down, open lower and persist in a downtrend then buying should be done only when one feel that the stock is not going down."
Motilal Oswal has maintained neutral rating on Godrej Properties with a target of Rs 650, in its January 31, 2013 research report.
"Godrej Properties' 3QFY13 revenue stood at INR2.7b (+78% YoY, +14% QoQ), EBITDA at INR751m (+181% YoY, +5% QoQ), and PAT at INR355m (+24% YoY, +9% QoQ). Key revenue contributors are: (1) Godrej One (35%), (2) GGC, Ahmedabad (18%), (3) Prakriti, Kolkata (13%) and (4) Revenue commencement from Palm Groves, Chennai (11%). Recent launches in Bangalore E-city (22% of total 3QFY13 sales value), Gurgaon (12%) and Godrej Platinum (25%) drew decent response, and led GPL's 1msf (INR6.5b) sales in 3QFY13 v/s 1.1msf (INR7.2b) in 2QFY13.
SP Tulsian, sptulsian.com advises traders to buy BHEL around Rs 210.
Tulsian told CNBC-TV18, "Last time BHEL corrected to about Rs 200-205, I said that it is a good buy because I don't think that stock can really fall below that. I agree that the Q3 numbers have really been quite dull and poor, but Q4 is really very critical for the company and even if you see the bad numbers, broadly it has seen getting factored into the price and now the share is virtually ruling closer to may be the single digit or sub 10 price to earnings (PE) multiple."
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