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Sell Hindustan Unilever, says Emkay
Emkay has a sell call on Hindustan Unilever with a target price of Rs 525.
"Addressing excitement and fear; Remote possibility of another corporate action by Unilever Plc; low probability of another windfall to investors. Cut the noise and focus on fundamentals; challenging business environment restricting revenue growth to 12% yoy and net profit growth to 8% yoy in FY13-15E period," the firm has said in its research report.
It also says that Hindustan Unilever has expensive valuations at 40X FY15E earnings; higher than Asian Paints, Colgate and Nestle which have much stronger category dynamics.
Buy Ashok Leyland, says Angel Broking
Angel broking expects a revival in the commercial vehicle segment of Ashok leyland and has hence put a buy on the stock.
"Notwithstanding the sharp correction of 30 per cent in the stock price over the last one month, we believe that the company would benefit immensely with a revival in the commercial vehicle cycle which we expect to start gradually from 2HFY2014. At Rs 16, AL is trading at 8.6x FY2015E earnings. We maintain our Buy rating on the stock with a target price of Rs 22," the firm has stated in its research report.
GEPL Capital advices buy on Development Credit Bank
GEPL Capital has put a buy call on Development Credit Bank with a price target of Rs 58.
Considering the increase in number of branches, decrease in cost to income ratio, NIMs remaining stable we maintain a BUY rating. At CMP of 51.5, the stock is trading at 1.15x & 1.02x it's FY14E & FY15E Adjusted Book Value per share which we believe is attractive. We attach an exit P/ABV multiple of 1.15x it's FY15E adjusted book value of Rs 50.26 per share. Based on our valuation we arrive at the target price of Rs 58 with a BUY rating & a potential upside of 13%," the firm has stated in its research report.
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