Bharti Airtel, Maruti Suzuki, Yes Bank in Focus Today

1.  Eros International Media has acquired mobile VAS (Value Added Services) provider Universal Power System. Universal Power System trades under name Techzone. Techzone is an entertainment content developer via mobile platform in India. It is mainly focused on Bollywood films. Financial details of the deal are not known.
2. Shasun Pharmaceuticals: Sequent Scientific has picked up 5.8 per cent stake in the drugmaker through preferential allotment of Rs 38.5 crore.
3. Bharti Airtel has submitted the final application for new telecom permits in Delhi and Kolkata service areas. Licences of Airtel in Delhi and Kolkata expire in November this year. A Unified Licence is required to continue operation in each service area.
4. Emami has entered male deodorant space with 'He' brand of products. Hrithik Roshan will be the brand ambassador for 'He' deodorants. Emani is targeting 5-6 per cent share in deodorant market.
5. Maruti Suzuki: Bank of America Merrill Lynch (BofA-ML) maintains buy on the stock and has raised target price to Rs 2,900 per share. BofA-ML believes Maruti will be a key beneficiary of the slew of launches planned. BofA-ML's earnings per share (EPS) forecast for Maruti is 8-20 per cent ahead of consensus.
6. Voltas: Citi maintains buy with a target of Rs 252. Electro-Mechanical Project revival is 3-4 quarter away and Unitary Cooling Products will continue to lead the margin.
7. Prestige Estates: Bank of America Merrill Lynch maintains buy with a target price at Rs 280. The brokerage expects its earnings per share to double from Rs 9 in FY14 to Rs 18 in FY17.
8. Bharti Airtel: CLSA maintains buy with a target price at Rs 390. CLSA expects Bharti Airtel to fetch $2.3 billion from sale of its Africa tower assets which is on the radar. Bharti is a high conviction buy for CLSA.
9. United Phosphorus Ltd (UPL): Deutsche Bank maintains buy with a target price at Rs 380. Deutsche Bank raises UPL's FY15-16 estimated earnings per share by 5-6 per cent and says that cost saving initiatives taken by the management is driving gross profit margin expansion. UPL remains one of the top picks of Deutsche Bank.
10. Yes Bank: MSCI has reduced its weightage in its emerging market index. This change will lead to selling of 3.58 million shares in Yes Bank by passive funds on the close of June 11.

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