Prabhudas Lilladher has a buy call on Pidilite Industries with a price target of Rs 282.
"We remain positive on the long-term growth prospects and market position of PIDI with brands like Fevicol and Dr.Fixit; however, slowdown in economy and postponement of discretionary spends will impact growth in the near term. We believe recent rupee depreciation will increase the landed cost of VAM (Vinyl Acetate Monomer) and necessitate price increase which can further delay recovery in demand. We now estimate 15.5 percent PAT growth in FY14 and 19.5 percent CAGR over FY13-15. PIDI trades at 20xFY15 EPS of Rs12.6, post recent correction in stock price. We retain 'Accumulate' with a price target of Rs 282 (Rs297 earlier), 11 percent upside," says the Prabhudas Lilladher research report.
Bank of Maharashtra
Firstcall Research has a buy call on Bank of Maharashtra with a price target of Rs 44. The firm cites cheap valuations as one of the reason for the buy call.
"At the current market price of Rs.39.90, the stock P/E ratio is at 2.48 x FY14E and 1.90 x FY15E respectively. Earning per share (EPS) of the company for the earnings for FY14E and FY15E is seen at Rs. 16.06 and Rs. 21.02 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 25 percent and 48 percent over 2012 to 2015E respectively. On the basis of Debt-Equity Ratio, the stock trades at 21.44 x for FY14E and 19.85 x for FY15E. Price to Book Value of the stock is expected to be at 0.46 x and 0.37 x for FY14E and FY15E respectively. We expect that the company will keep its growth story in the coming quarters also.
We recommend 'BUY' in this particular scrip with a target price of Rs 44 for Medium to Long term investment," says Firstcall Research report.
ICICI Direct has a buy call on Tata Steel with a price target of Rs 285.
"The company is witnessing a significant shift in its business composition wherein notable capacity expansion is being carried out in the high margin domestic business segment. At TSE, the company completed upgradation of two key facilities in Q4FY13, which resulted in improved performance in Q1FY14. We have revised upward our TSE EBITDA/tonne assumptions for FY14E from US$15/tonne to US$20/tonne. We continue to maintain BUY rating on the stock with a target price of Rs 285," says ICICIdirect.com research report.